Eterna Names Olumide Adeosun CEO as Lawal Resigns
Eterna Plc has announced the appointment of Olumide Adeosun as its new Chief Executive Office and Managing Director as Abiola Lawal resigned. The company told the Nigerian Exchange Limited that the appointment takes effect from 3rd February 2025.
Mr. Adeosun succeeds Mr. Lawal, who has resigned from the company with effect from 31st January 2025, according to an official statement. Mr. Adeosun has over 25 years of experience in the finance and energy sectors; a seasoned thought leader and accomplished executive.
He began his career as a Business Analyst under the PricewaterhouseCoopers (PwC) UK graduate program in London. Eterna said Adeosun subsequently transitioned to BP Plc, where he held various senior roles in upstream finance, business support, and commercial operations.
Notably, he served in BP’s Integrated Trading and Supply subsidiary, BP Oil International, within the Deals Origination Business Unit. In BP’s Strategic Origination team, he played a pivotal role in developing BP’s Africa trading strategy, culminating in the establishment of BP Global West Africa Ltd in Nigeria.
As Vice President, Commercial Development, he spearheaded initiatives that achieved 300% growth in revenue within three years. In 2015, Mr. Adeosun joined PwC’s West Africa Energy Advisory team in Lagos, leading transactions that raised over $1.5 billion in infrastructure and energy investments.
Among his achievements was overseeing the acquisition of a leading multinational midstream and downstream company. In 2019, he was appointed CEO of Ardova Plc, where he executed a five-year transformation strategy with a focus on LPG and renewable energy.
He also led the successful bid for a majority stake in the Olua Field on OML 25, establishing a joint venture with other shareholders in record time. Prior to his appointment as MD/CEO of Eterna Plc, Mr. Adeosun served as Group Executive Director of Rainoil Limited and as a Non-Executive Director of Eterna Industries Limited.
He is the immediate past Chairman of the Major Energy Marketers Association of Nigeria (MEMAN) and remains a passionate advocate for clean energy, serving on the advisory boards of renewable energy firms and consultancies.
Mr. Adeosun’s accomplishments include receiving the Business Day Downstream CEO of the Year Award (2021). He is a Member of the Financial Reporting Council of Nigeria, a Fellow of the Chartered Institute of Directors, and a Member of the Society for Petroleum Engineers (SPE).
He holds a Bachelor of Architecture degree from Woodbury University, California, and an MSc in Mathematics from Royal Holloway, University of London. The Board congratulates Mr. Olumide Adeosun on his appointment and wishes him great success in his new role. CBN Opens FX Window for BDC to Stock up at NFEM Rate
