Eterna Plc, a leading Nigerian company in the downstream oil and gas sector, has announced a significant leadership change. Abiola Lawal has been appointed as the company’s new Managing Director/Chief Executive Officer (MD/CEO), effective April 15th, 2024. Lawal takes the reins from Benjamin Nwaezeigwe, who is stepping down after two years of service. The Board of Directors expressed their appreciation to Nwaezeigwe for his contributions to the company during his tenure.
Lawal brings a distinguished track record of over twenty-five years in executive leadership to his new role. His experience spans across various industries, with a strong focus on the oil and gas sector. Throughout his career, Lawal has consistently demonstrated a talent for delivering value in executive management positions.
Prior to joining Eterna Plc, Lawal held leadership positions in prominent companies across the globe. He served as the Deputy Managing Director & Chief Financial Officer at Eroton Exploration and Production Company Limited. Lawal’s strategic vision was also instrumental at Oando Plc, where he played a key role as Group Chief Strategy Officer. During his time at Oando, he spearheaded transformative initiatives such as the implementation of Oracle ERP technology, a significant advancement for the company’s operations.
Lawal’s impressive professional journey extends beyond Nigeria’s borders. He served as the Pioneer Executive Vice President & Chief Financial Officer of Camac Energy Inc. (later known as Erin Energy) in the United States. This pioneering role placed him at the helm of the first Nigerian-owned energy company listed on the prestigious New York Stock Exchange. His experience in the US further demonstrates his adaptability and global perspective.
Lawal’s educational background reflects his dedication to continuous learning and staying ahead of the curve. He holds a Certificate in Data Science and Artificial Intelligence (AI) from the Massachusetts Institute of Technology (MIT), a testament to his interest in harnessing the power of cutting-edge technology. He further bolstered his academic credentials with an MBA focused on Finance, Strategy, and Technology from the University of California Irvine. Lawal’s foundational knowledge comes from his Bachelor of Science in Economics from the University of Ilorin, Nigeria.
Lawal’s commitment extends beyond the boardroom. He actively participates in various professional associations, including the Chartered Institute of Directors Nigeria, the African Energy Chamber, The Nigeria Economic Summit Group, and the National Association of Corporate Directors USA. This involvement allows him to stay connected to industry trends and contribute to the broader energy sector in Nigeria and Africa.
The appointment of Abiola Lawal as MD/CEO signifies a new chapter for Eterna Plc. His extensive experience, strategic vision, and global perspective position him well to lead the company towards continued growth and success in the dynamic oil and gas industry. With Lawal at the helm, Eterna Plc is poised to navigate the ever-evolving energy landscape and capitalize on emerging opportunities.
