>> NIPCO appoints new helmsmen

NIPCO Plc has approved new appointments in the company including the elevation of the former Managing Director, Mr Venkataraman Venkatapathy to the position of Group Managing Director [GMD].

Mr Sanjay Teotia is now the Managing Director of the company while the former Executive Director, Corporate Services, Alhaji Abdulkadir Aminu is now Group Executive Director [GED], Corporate Services.

The appointments followed the successful acquisition of ExxonMobil 60% equity in Mobil Oil Nigeria Plc by NIPCO and now the majority shareholder of the company.

Mr Venkatapathy, who joined NIPCO in 2009 as Head LPG and was appointed Managing Director in January 2011 before the recent elevation, would oversee the entire NIPCO group consisting of NIPCO and Mobil Oil Nigeria Plc.

Mr Sanjay has over 28 years cognate experience in the oil and gas industry across Asia & African region with core competencies in project management, downstream /midstream/upstream operations, human resource management etc.

A graduate of Birla Institute of Technology, Bihar, India where he obtained Bachelor of Engineering [Mechanical ] with first class honors, Sanjay prior to joining NIPCO was the DGM Origination, Trading & Marketing H-Energy Mumbai, India, a world class company in LNG and heavy crude business; Head Downstream Operations, Lake Oil Limited, Tanzania; Vice President, LiquidTerminals, Adani Ports & Sez Limited etc.

Alhaji Aminu who is a civil engineer and one time Chief Engineer of Adamawa State had chaired the Adamawa Task Force on petroleum products distribution.

He also served on the boards of several regulatory agencies in the petroleum sector including Petroleum Products Pricing & Regulatory Agency [PPRRA] and petroleum Equalization Fund [PEF].

Alhaji Aminu is the Chairman of A A Mbamba Ltd, a fuel marketing company.