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Appointments

Eterna Plc appoints new Executive Director 

The Board of Eterna Plc has notified the NSE of the appointment of Nnamdi Obiagwu as the Company’s Executive Director/Chief Operating Officer. 

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Eterna Plc appoints new Executive Director

The Board of Eterna Plc has notified the Nigerian Stock Exchange (NSE) of the appointment of Nnamdi Obiagwu as the Company’s Executive Director/Chief Operating Officer.

According to the statement released by the company and signed by Bunmi Agagu, the Company’s Secretary, Obiagwu’s appointment became effective on January 10, 2020.

Obiagwu has several years of experience that span across IT, Sales, Business Development, Financial & Business Reporting, Data Analytics, Distributor Network Development, Fuels Supply Chain Management, Logistics, Oil & Gas Consulting, Financial Advisory, and Marine Vessel Management.

Obiagwu’s brief profile: Obiagwu has worked across several industries and countries during his career whilst also attending numerous local and international training including INSEAD Kenan-Flager Business School, Enterprise Leadership Program, Achieve Global Professional Selling skills and Acclivus Professional Negotiation.

He is a graduate of Mechanical Engineering from the Federal University of Technology Owerri.

[READ MORE: UACN appoints Toriola as new Non-Executive Director)

The new Eterna CEO started his career in Computer Networking but soon moved to Mobil Oil Nigeria Plc as a Sales Engineer. He rose through the ranks to become Logistics/ Fleet Manager having served in the Lubricants, Fuels, Supply Chain, Logistics and Planning areas of the business in Nigeria and Belgium before leaving to gather more experience in consulting, business advisory and Marine. He joined Eterna Plc in 2017 as the then General Manager of Lubes.

Obiagwu has served on the Boards of several private companies in the past.

Deal book 300 x 250

About Eterna Plc: Eterna Plc distributes and markets petroleum products and fuels. The Company further offers engineering and technical services for companies in the oil industry.

In plain terms, Eterna manufactures and sells a range of lubricants and petroleum products as well as supplies imported fuels for the retail, industrial, agricultural, automotive, marine, and energy sectors in Nigeria. The Trading division bulk imports and sells premium motor fuels and automotive gas oil, dual-purpose kerosene, base oils, bitumen. low pour fuel oil and crude oil.

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

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Appointments

Cornerstone Insurance Plc appoints Ogechi Adeola as Director

Dr Ogechi Adeola has been appointed as an Independent Non-Executive Director at Cornerstone Insurance Plc.

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Cornerstone Insurance Plc has appointed Dr Ogechi Adeola as its new Independent Non-Executive Director, subject to ratification by members at general meeting.

This is according to a notification sent to the Nigerian Stock Exchange platform, dated 24th of February, 2021, as seen by Nairametrics.

READ: United Capital earmarks total dividend of N4.2 billion for shareholders

Dr. Adeola’s profile

Dr. Adeola has over two decades of work and consulting experience in the Nigerian Financial services sectors. She is an Associate Professor of Marketing at the Lagos Business School and an alumna of the Manchester Business School, United Kingdom.

On the other hand, Cornerstone Insurance closed trading today (24th of February, 2021) at the floor of the Nigerian Stock Exchange with a share price of N0.59.

Results from the recently released FY 2020 financials posted by the firm showed that gross premium written increased from N13.06 billion in 2019 to N17.6 billion. However, profit for the period declined to N1.6 billion, from N4.11 billion recorded in 2019.

READ: CWG confirms Adeyipo’s appointment as MD

What you should know:

Cornerstone Insurance Company Plc is a Nigerian-based insurance company offering services in the life and non-life categories.

It was incorporated on the 26th of July, 2021, initially as a private limited liability and subsequently became a public limited liability after its listing on the Nigerian Stock Exchange in 1997.

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Appointments

Chams appoints new directors following the demise of Prof. Ibidapo-Obe

The Board of Chams Plc has approved the appointment of new Non-Executive Directors of the company.

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The board of Chams Plc following the sudden passing of Professor Oyewusi Ibidapo-Obe has approved the appointment of new Non-Executive Directors of the company.

This disclosure was contained in a press statement issued by the Company Secretary, Yetunde Emmanuel.

According to Yetunde, the Board of Directors of the company in a bid to ensure a hitch-free operation of the company’s segments as well as the oversight function of the Board approved the appointment of Olusegun Oloketuyi and Olamojiba Bakare as Non-Executive Directors effective 18th February 2021.

It is important to note that the appointment of the new directors is subject to the ratification of the Shareholders of the company, at the company’s Annual General Meeting (AGM).

The Board expressed heartfelt condolences to the wife, children, immediate and extended family of Professor Oyewusi Ibidapo-Obe, praying that the Lord grants them the fortitude to bear this difficult loss.

About the newly appointed directors

Oloketuyi has formerly served as Managing Director and Chief Executive Officer of Wema Bank Plc. He also served as General Manager, Business Optimization Division and Executive Director of Business Development at Skye Bank Plc. He also served as Deputy General Manager, Corporate and Commercial Markets at Polaris Bank Plc (formerly Prudent Bank Plc) and as its Executive Director of Finance and Enterprise Risk Management.

Bakare is a seasoned international lawyer with almost 20 years’ experience in the Corporate world, 15 years of which was as a practicing Solicitor in the United Kingdom.

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