Connect with us
Advertisement
Oando
Advertisement
Alpha
Advertisement
Hotflex
Advertisement
Binance
Advertisement
Advertisement
UBA
Advertisement
Patricia
Advertisement
Access bank
Advertisement
app

Business News

Conoil Plc announces new appointment

Conoil Plc appoints Hardeep Kheterpal as Acting Managing Director

Published

on

Conoil Plc has announced the appointment of Hardeep Kheterpal, as its Acting Managing Director and a board member.

The Nigerian petroleum marketing company made Kheterpal’s appointment disclosure in a notification to its shareholders, stakeholders and the general public.

In the notification, Conoil said the appointment made by the board is subject to further ratification by shareholders at the next General Meeting.·

Kheterpal is an accomplished professional in diverse sectors of the economy including FMCG, Telecoms, Consumer Durables and Organized Retail among others. He brings with him over 26 years of strong and decisive executive leadership experience at the
highest levels.

Kheterpal has a background in complex and challenging environments with proven ability to represent the company with customers and business partners. Strong business acumen with skills to remain on the cutting edge; drive new business through conceptualising strategies, augmenting & streamlining networks.

Prior to his appointment as the acting Managing Director of Conoil Plc, Kheterpal was a Management Trainee at Kilburn Reprographics Ltd, from 1992 to 1994. He was the Assistant Manager of Godrej from 1994 to 1996. Marketing Head of Whirlpool of India Ltd from 1996 to 1997. He became a Branch Sales Manager of the same company from 1997 to 1999. From 1999, he was the Business Manager of Whirlpool of India Ltd to 2000. From 2000, Kheterpal resumed the role of a Senior Business Manager to 2003.

Kheterpal then moved from Whirlpool of India Ltd to Electrolux where he served as the company’s General Manager for a year. He then moved to Tata Teleservices Ltd in 2004 as a Cluster Head. In 2006, he became the company’s Operations Head and in 2008, he was promoted to be the company’s Chief Operating Officer. In 2011, Kheterpal resumed the role of NPDL’s Chief Operating Officer and in 2013, he became the Head Media Marketing of Hindustan Times. In 2014, he joined Direct Channel as Head of Sales and in 2016, Kheterpal became the company’s National Business Head.

Conoil Plc had released its financial statements for the year ended June 30, 2018.

The company’s revenue in the period under review stood at N54.4 billion compared to N44.9 billion in 2017. Profit before tax was N809 million compared to N627 million in 2017. Profit after tax was N550 million compared to N427 million in 2017.

About Conoil Plc

Conoil Plc is a Nigerian petroleum marketing company involved in the sale of regulated gasoline and kerosene, diesel, aviation fuel and low pour fuel.

Other business activities of the firm include production and marketing of lubricants under the brand name Quatro. The company was previously known as National Oil and Chemical Marketing Plc until it was acquired by Conpetro in 2002.

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ).Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Corporate Press Releases

Heirs Oil & Gas announces CEO and Board appointments

…Welcomes former senior Shell executive, Osayande Igiehon, as CEO.

Published

on

Heirs Oil & Gas (HHOG), the leading African integrated energy company, has announced the appointment of Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience.

Heirs Holdings Limited’s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021, in one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion. The transaction represents a further implementation of the HH Group strategy of creating the leading integrated energy business in Africa. Through a series of strategic portfolio holdings, HH is executing this strategy. Most recently, affiliate company, Transcorp made a US$300 million acquisition of Afam Power, increasing the Group’s installed electricity generating capacity to 2,000MW.

Mr. Igiehon, who joins from the Royal Dutch Shell (Shell), where he was previously a Vice-President with the Group in the Hague, Netherlands. He brings over twenty-seven years of experience and expertise in the oil and gas sector with Shell, where he held a series of senior management positions. Mr. Igiehon previously served as Chairman and Chief Executive Officer of Shell Gabon, where he led the successful turnaround of the operational, safety and financial performance.

HHOG is also pleased to announce the appointment of the following distinguished private sector and senior industry leaders to the Board:

  • Tony O. Elumelu, CON is the Chairman of Heirs Holdings, the United Bank for Africa (UBA), Transnational Corporation of Nigeria (Transcorp), and Founder of the Tony Elumelu Foundation.
  • Sally Udoma who previously served as general counsel for Chevron Europe, Eurasia, and the Middle East Exploration and Production. Previously, she was general counsel for Sasol Chevron Consulting Limited and managing counsel at the London Legal Service Centre for Chevron Global Upstream and Gas. She has also served as general counsel and general manager for Chevron Nigeria Limited.
  • Anil Dua is a founding partner at Gateway Partners Limited, a private equity fund specialising in dynamic growth markets including Africa, the Middle East and Asia. Prior to this, Mr. Dua worked for over thirty-five years with Standard Chartered Bank in Asia, Africa, Europe and the US, where he held various roles including Regional CEO West Africa and Regional Head of Origination and Client Coverage, Africa.
  • Ahmadu Kida Musa who previously served as Deputy Managing Director of Total Exploration and Production Nigeria Limited, has over thirty-two years of experience in the Oil and Gas industry and brings considerable expertise in Nigerian oil and gas.
  • Stanley Lawson currently serves on the board of Transnational Corporation of Nigeria Plc. He is Managing Partner at Financial Advisory & Investment Consultants Ltd. Dr Lawson previously occupied the position of Group Executive Director-Finance & Accounts at Nigerian National Petroleum Corp.
  • Samuel Nwanze is the Chief Finance Officer at Heirs Oil and Gas. Prior to this he was the Chief Investment Officer at Heirs Holdings responsible for investment and capital management.

Commenting, Mr. Igiehon stated:

“HHOG represents an extraordinary opportunity, to create Africa’s first true integrated energy company, with a mission to ensure that Africa’s natural resources are directed toward value creation in Africa, powered by sustainable, robust and abundant African energy. I am excited to join the Heirs Oil and Gas leadership team and look forward to the opportunity to transform the energy sector, purposefully address Africa’s energy needs and improve the lives of people across Africa.”

The Chairman of the Board, Tony O. Elumelu, CON, stated: “I am delighted to welcome our new board members. We are building a role model institution for African businesses and our investment in human capital is a further strong demonstration of our intent. The regional and global expertise of our board members will serve to further drive value creation to our continent, as we execute our goal of becoming Africa’s largest, indigenous, integrated, energy company.”

Heirs Oil & Gas is a leading African, indigenous owned, integrated energy company, headquartered in Nigeria, whose assets include Nigerian oil block OML17, with a current production capacity of 30,000 barrels of oil equivalent per day and 2P reserves of 1.2 billion barrels of oil equivalent, with an additional 1 billion barrels of oil equivalent resources of further exploration potential.

Hotflex

Heirs Oil & Gas (HHOG) is jointly owned by Heirs Holdings, the leading African strategic investor and affiliate company Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest publicly listed conglomerate.

Continue Reading

Spotlight Stories

How to activate the safety feature on your phone in case of an emergency, Kidnap

The rise in insecurity has called attention to a hitherto ignored security feature on most android devices and iPhones.

Published

on

Cryptocurrencies, Blockchain

Insecurity continues to be a daunting challenge in Nigeria today. There have been countless news of kidnapping, armed robbery and other criminal activities in several parts of the country. This danger has caused paranoia in many people as it dawns on citizens that government alone cannot effectively guarantee the security of lives and properties.

The rise in insecurity has called attention to a hitherto ignored security feature on most android devices and iPhones. Indeed, these hand-held gadgets can become lifesavers in emergency situations such as kidnap or other forms of threat to life and safety.

Android devices and iPhones have emergency features that you can activate in times of needs. You may not have the time to make a phone call or send a message when you are in danger but these features can help you do that by alerting your emergency contacts and sending your location and sometimes, a recording to alert people of your situation.

Here is how to activate this feature.

How to activate the SOS safety feature on Android phones in case of an emergency

  • First, navigate to your ‘Settings’
  • Tap ‘Advanced Features’
  • Tap ‘SOS Messages’
  • Tap the switch at the top of the screen; read the information and then tap ‘Continue’
  • Review the required permissions
  • Tap ‘Start’
  • From here, select either ‘Create Contact’ or ‘Select from Contacts’
  • Choose your emergency contact – they will be the ones to receive the SOS alerts. You can also add multiple contacts.
  • Adjust the different settings. For example, you can adjust how many times you need to press the Side key or Power key before an alert is sent. You can also decide if you’d like to attach images or an audio recording to the SOS message.

Once this setup is completed, you can send emergency SOS messages whenever you are in danger by pressing the Side key or Power key 3 or 4 times rapidly. This will send an SOS message to your designated contact(s).

Note:

The phone must have an active SIM card in order to send an SOS alert. When using the SOS feature, your location, photo, and voice recording will be sent the first time a call is made. It will only send updated locations (every 30 minutes for a span of 24 hours) if you have changed your location.

How to activate the emergency safety feature on iOS phones

Triggering the Emergency SOS on your iPhone is easy.

Simply hold down the lock button and one of your volume buttons together for 5 seconds to trigger an SOS call to emergency services. Keep holding it to initiate an automatic call and the phone’s siren.

Hotflex

Alternatively, if you’ve enabled an extra feature in your settings, you can use just the screen lock button alone — click it five times in a row to initiate the siren feature.

Again, you can activate this through Apple’s Health app:

  • Open your iPhone’s Health app and tap your profile picture
  • Select ‘Medical ID’ in the next menu
  • Tap ‘Edit’ and then scroll down to your ‘Emergency Contacts’ section
  • Tap the ‘Add’ button to select a contact, and you can indicate their relationship to you
  • Tap ‘Done’ to save changes

After initiating the Emergency SOS feature, iPhone will send each listed emergency contact a text message with a current location and a message that you’ve initiated the SOS. Your location services will automatically turn on when this feature is used, and if you are moving, your contacts will get an update about your final destination.

Why this matters

There are numerous reasons for people to be extra cautious when stepping out these days. Activating this emergency feature on your phone can help to keep you and your loved ones safe in these times of rising insecurity.

Continue Reading

  





Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.