The Nigerian National Petroleum Company Limited has appointed five Executive Vice Presidents as part of its ongoing reforms.
The development will equally
enable the National Oil Company to further position itself to effectively compete globally.
However, the Group Executive Director, Upstream, Adokiye Tombomieye was renamed the Executive Vice President (Upstream); while the Group Executive Director, Downstream, Engr. Adeyemi Adetunji assumed Executive Vice President (Downstream).
Also, the Executive Director, Gas and Power, Abdulkabir Ahmed was appointed as the Executive Vice President, Gas, Power and New Energies, while Inuwa Danladi has been named the Executive Vice President, Business Services.
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Others are Mrs Oritsemeyiwa Eyesan as the Executive Vice President, Corporate Strategy and Sustainability; while Chidi Momah as the General Counsel for the National Oil Company.
More benefits from the new appointments were for NNPC to establish continuity of leadership in critical business areas.
It would uplift younger people to positions of authority and remove weak leaders from critical roles.
The development would assist the NNPC in recruiting expatriates and enable the company to benefit from international best practices while taking the shape of an international oil company.
With this, the NNPC would also be promoting the inclusion of women into business leadership and shrink the organization to nimble size and effectiveness.
Findings revealed that the NNPC’s transformation into a CAMA company was birthed by the implementation of the Petroleum Industry Act.
The Corporate Affairs Commission had on September 21 last year completed the incorporation of the NNPC Ltd by the provisions of the Petroleum Industry Act 2021.
The PIA was signed into law by President Muhammadu Buhari on 16th August 2021, following its passage by the National Assembly in July of the same year.
Specifically, Section 53(1) of the Petroleum Industry Act 2021, requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of the enactment of the PIA in consultation with the Minister of Finance on the nominal shares of the Company.
