THISDAY

Eterna Appoints Lawal Managing Director to Drive Growth

- Peter Uzoho

The Board of Eterna Plc has announced the appointmen­t of renowned oil executive and economist, Mr. Abiola Lawal as the new Managing Director/Chief Executive Officer of the company, effective today, April 15, 2024.

Lawal succeeds the outgoing CEO of Eterna, Mr. Benjamin Nwaezeigwe, who resigned his position after two years of service to the downstream oil and gas firm.

In a statement made available to THISDAY, the marketing company said the new CEO has a proven record of positive performanc­e in executive leadership at multiple C-Suite level roles locally and internatio­nally.

A global executive with over twenty-five years of management executive experience in private and publicly listed companies across diverse industries, Eterna stated that Lawal has expansive experience in the oil and gas sector and a proven record of value delivery in several aspects of executive management.

Lawal most recently worked with Eroton Exploratio­n and Production Company Limited as Deputy Managing Director and Chief Financial Officer.

Prior to this, he served as Group Chief Strategy Officer of Oando Plc during its transforma­tion from downstream to upstream and gas. While at Oando, he oversaw the successful implementa­tion of Oracle ERP technology as a game changer to transform the operations of the company.

He also served as Executive Director of Oando Gas & Power as well as Gaslink (now known as Axxella) during the rapid growth and expansion phase of the then subsidiary.

Lawal was the Pioneer Executive Vice President & Chief Financial Officer of Camac Energy Inc in the USA (later known as Erin Energy), the first Nigerian owned energy company to be listed on the New York Stock exchange.

He has served in multiple executive roles in other companies, including CAMAC Internatio­nal Corporatio­n and ExeQute Partners, Inc., both in Houston, Texas USA.

He served as MD/CEO of eWorldtrac­k Mobile Technologi­es USA, a Senior Manager in SAP AG America, as Management Consultant and Transforma­tion Manager at Mr. Abiola Lukman Lawal Ernst & Young LLP and as Senior Financial Analyst at The Walt Disney Corporatio­n in California, USA.

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