Olu’s resignation as CEO, became effective on August 31,
2023, but he has committed to remaining involved with the activities of the
company till December 31, 2023 to ensure a seamless transition to the new
executive management of the company.
Moshood Olajide appointed Managing Director
In line with the Company’s established succession planning
process, Moshood Olajide has now been appointed as Managing Director to advance
the company’s post-delisting transformation into one of Africa’s leading integrated
energy company.
“Ardova is the crown jewel in our portfolio and is in an
exciting position to create value in the energy industry, with many
opportunities ahead,” said AbdulWasiu Sowami, Group Executive Chairman, Prudent
Group (owners of Ardova Plc). “I look forward to working closely with our
partners and the Ardova leadership to continue executing on the company’s
long-term vision & strategy. On behalf of the Board of Directors and staff,
I thank Olu for his contributions to the growth of the company. We wish him
well in the future.”
“After over four years of building a market offering
leveraging the strength and customer loyalty of the AP brand across multiple
channels and partnerships, I believe this is the right point to hand over
leadership,” said Olu Adeosun. “I want to thank the incredible Ardova Board,
management, team, our customers, and partners – especially our formidable
dealers – for their relentless support. I will work with the Chairman and the
Board to ensure a smooth transition and I will continue to be a customer,
stakeholder, and lifelong fan of Ardova, its products & services.”
Ardova Plc is a Nigerian integrated energy company with an
extensive network of over 695 retail outlets in Nigeria and storage facilities
in Apapa, Lagos, and Onne, Rivers State. Ardova procures and distributes petrol
(PMS), diesel (AGO), aviation turbine kerosene (ATK), and liquefied petroleum
gas (LPG). We also manufacture and distribute a wide range of quality
lubricants from our oil blending plant in Apapa, Lagos.
Inspired by climate change impact and the energy need for a
brave new world, Ardova continuously works to advance the efficient delivery of
energy solutions to help address our customers’ greatest challenges. By
combining our rich history of successful execution, integrity, customer service
excellence, and technology, we push the boundaries of innovation to transform
business and society for the better.