Oando Plc Appoints New CFO

Oando Plc has announced the appointment of Mr. Adeola Ogunsemi as an Executive Director and the Group Chief Financial Officer effective February 18, 2022. Mr. Adeola Ogunsemi has been the Chief Financial Officer of Oando’s upstream division, Oando Energy Resources, since January 01, 2012.

Prior to that, he was the Financial Controller of Oando Exploration & Production Limited having joined the Oando Group on March 01, 2009. His experience spans over 25 years in Accounting and Finance, out of which more than 20 years has been spent in the Oil and Gas industry.

He was with BP America for five years, rising to become Assistant Controller, and has extensive experience in fund raising, mergers, acquisitions and divestment, joint venture management, financial reporting, process improvement, and internal control evaluation and design, as well as financial management. 2 Before joining BP America, he worked for Northern Illinois Gas in Chicago, USA, for four years, where he rose to become the Head of Disbursement.

He also worked for the Chicagoland Chamber of Commerce and Midas International in Illinois, USA in accounting and treasury roles. He obtained a Master of Business Administration (MBA) in Finance and Strategic Management from the University of Chicago Booth School of Business in 2003 and a Bachelor of Science in Accounting and Finance from DePaul University in Chicago in 2000. He is a member of the American Institute of Certified Public Accountants and the Institute of Chartered Accountants in Nigeria.

According to a statement from Oando Plc, 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.