Olufemi joined Oando in October 2005 and with his extensive
financial expertise played major roles in the growth and success of the
organization.
He was pivotal in the execution of several notable
accomplishments, including but not limited to the 2014 landmark acquisition of
ConocoPhillips Nigerian assets, the 2015 Rights Issue, and the 2016 Group
Restructuring program which includes the divestments of its Downstream and
Midstream subsidiaries now known as OVH Energy and Axxela respectively.
His successor, Adeola Ogunsemi, hitherto the Chief Financial
Officer of Oando’s upstream division Oando Energy Resources since January 1,
2012, has over 25 years’ experience in accounting and finance having worked
with reputable organizations globally.
Prior to his promotion as the CFO of Oando Energy Resources,
he was the Financial Controller of Oando Exploration & Production Limited
having joined the Oando Group on March 01, 2009. Adeola’s trajectory within
Oando reinforces the company’s effective succession planning as a great place
for growth and development.
Growth and development within Oando are not unconnected with
its ranking by the Great Place to Work Nigeria in 2020 as a Platinum Certified
Organization; 2nd Place in Medium-Sized corporations, Best Workplace Category;
Winners of Best in Quality-of-Life Practice, Medium-Sized Corporation amongst
others.
Speaking on the appointment, an executive of Oando said: “We
are pleased to have Adeola Ogeunsmi who will enhance the diversity of skills
and experience represented on our board.
We believe he is well-positioned to provide advice and
insight across a broad spectrum of topics, including mergers, acquisitions and
divestments, joint venture management as well as financial management.
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