Eterna taps ex-Ardova boss as CEO as Abiola Lawal steps aside
Eterna Plc, a major oil marketing company in Nigeria, has appointed Olumide Adeosun as managing director/chief executive officer, effective February 3, 2025.
Adeosun, a former CEO of Ardova Plc (formerly Forte Oil), will take over from Abiola Lawal, who has resigned from Eterna with effect from January 31, 2025. He left Ardova in August 2023 after over four years at the helm and joined Ranoil in October 2024 as the group executive director for commercial and investments.
“The board extends its profound appreciation to Mr. Lawal for his significant contributions and exemplary leadership during his tenure as Managing Director/Chief Executive Officer,” the company said in a statement on Thursday. “With over 25 years of experience in the finance and energy sectors, Mr. Olumide Adeosun is a seasoned thought leader and accomplished executive.”
Adeosun began his career as a business analyst under the PricewaterhouseCoopers UK graduate program in London. He subsequently transitioned to BP Plc, where he held various senior roles in upstream finance, business support, and commercial operations. 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 a 300% growth in revenue within three years,” the statement said.
In 2015, he joined PwC’s West Africa Energy Advisory team in Lagos, leading
transactions that raised over $1.5 billion in infrastructure and energy investments, according to the statement. 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 is the immediate past chairman of the Major Energy Marketers Association of Nigeria.
