Ogbechie now Eterna chairman after Ranoil’s acquisition

The Founder and Group Managing Director of Rainoil Limited, Dr Gabriel Ogbechie, has become the chairman of Eterna Plc, in which Rainoil’s investment arm recently acquired a majority stake.

Preline Limited acquired in October last year a 60.9 per cent stake in Eterna.

According to a statement, other members of Eterna’s board are Mr Nnamdi Obiagwu (managing director/chief executive officer), Mrs Phoebean Ifeadi (executive director, corporate services), Mr Anibor Kragha (independent non-executive director), Mr Okechukwu Omezi (independent non-executive director), Mrs Godrey Ogbechie (non-executive director, and Mr Emmanuel Omuojine (non-executive director).

“The changes effected on the board are subject to ratification by the company’s shareholders in line with the company’s Articles of Association,” Eterna said.

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