Eterna Plc has announced the appointment of Okechukwu Ashiegbu and Bunmi Agagu-Adu as Executive Director/Chief Operating Officer and Executive Director respectively, noting that the appointments are subject to approval and ratification by the company’s shareholders in line with the firm’s Article of Association. The appointments became effective on July 15, 2024.
According to the company, Okechukwu Ashiegbu has over 18 years professional experience, traversing the banking sector and the downstream oil and gas industry. Specifically, he has played a very active role in the last 10 years in various managerial and leadership positions in Rainoil Limited and Eterna Plc, where he has earned a reputation for delivering excellently on strategic goals and objectives of the organizations.
Prior to his most recent appointment as the Executive Director/Chief Operating Officer, he was the Chief Operating Officer of the company, with specific responsibility for driving the company’s strategic plans to promote revenue, profitability and growth by synergizing strategic guidance, motivation and efficient coordination of operations for optimal profitability.
He was the Depot Manager of Eterna Plc Depot, Apapa, where he achieved a phenomenal growth of over 300% in volumes sales and truck out of petroleum products, thereby repositioning the depot as the preferred depot of choice in the axis. Mr. Ashiegbu participated actively in the transformation of Rainoil Limited as one of the leading downstream oil and gas companies in Nigeria, holding several positions including Operations Manager Lagos, Depot Head of Sales, and National Operations Manager.
Ashiegbu is currently an MBA candidate at the University of Lagos Business School (ULBS). He holds a Bachelor of Engineering (B.Eng.) degree in Petroleum Engineering from the Federal University of Technology Owerri. He is a member of the Business Graduates Association and has attended industry tailored training at various training institutions, including Lagos Business School.
Bunmi Agagu-Adu has over Eighteen 18 years post-qualification experience, 16 of those years have been spent garnering skills and expertise in the oil & energy and manufacturing sectors of the Nigerian economy.
She started her career at Eterna Plc – Nigeria’s first wholly owned indigenous oil & gas company quoted on the floor of the Nigerian Exchange Limited (NGX) as a Corporate Affairs & Legal Officer in 2008 and has traversed several business units within Eterna Plc having served as corporate communication manager, company secretary/legal adviser; head, real estate & non-fuels revenue; head gas and recently as general manager, lubricants & gas.
She honed her leadership skills as company secretary and general counsel at Eterna Plc where she had responsibility for the corporate secretariat, contracting, regulatory compliance and legal advisory for over twelve years.
She is highly skilled in people management, corporate commercial negotiations, dispute resolution, business & legal writing and Intellectual Property rights. She is a 2005 graduate of the University of Nigeria, Nsukka where she earned a Bachelor of Laws degree and was subsequently called to the Nigerian Bar in 2006. She is an Associate member of the Institute of Chartered Secretaries & Administrators, UK. She also holds an MSc in Corporate Governance from Leeds Beckett University, UK.
