Eterna Plc appoints Abiola Lawal as new MD

Abiola Lawal

The Board of Eterna Plc has appointed Abiola Lawal as the Managing Director of the company, effective April 15.

The company, in a statement on Sunday in Lagos, said that Mr. Lawal, an oil executive and economist, succeeds Mr Benjamin Nwaezeigwe, who resigned his position after two years of service to the company.

The Board thanked Nwaezeigwe for his significant contributions to the company during his tenure.

Lawal has a proven record of positive performance in executive leadership at multiple C-Suite level roles locally and internationally.

He is a global executive with over twenty-five years of management executive experience in private and publicly listed companies across diverse industries.

Lawal has expansive experience in the oil and gas sector and proven record of value delivery in several aspects of executive management.

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

He said that prior to which 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 has expansive experience in the oil and gas sector and proven record of value delivery in several aspects of executive management.

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, U.S.

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

Lawal recently completed a Certificate course in Data Science and Artificial Intelligence (AI) at the Massachusetts Institute of Technology (MIT), US.

He holds a Master of Business Administration (MBA) with a concentration in Finance, Strategy, & Technology from the University of California Irvine.

He won an Outstanding Dean’s Fellowship Award Recipient from the Paul Mirage Graduate
School of Management, University of California, Irvine (UCI) California, U.S. and graduated from University of Ilorin, Kwara State, Nigeria with Bachelor of Science in Economics with a Minor in Finance.

He is a member of various professional associations including the Chartered Institute of Directors Nigeria, African Energy Chamber, The Nigeria Economic Summit Group, and National Association of Corporate Directors U.S. (NAN)

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