Olu Adeosun steps down as CEO of Ardova Plc

Olu Adeosun steps down as CEO of Ardova Plc
Olu Adeosun steps down as CEO of Ardova Plc

Ardova Plc, a well-established Nigerian integrated energy firm listed on the NGX, has undergone a significant change in leadership.

Olu Adeosun, who has held the position of Chief Executive Officer (CEO) at Ardova Plc, has decided to step down from his role to explore new opportunities.

This move, effective as of August 31, 2023, marks the conclusion of his more than four-year tenure as the company’s leader.

Ardova Plc’s transition plan and new managing director appointment

Despite his departure, Ardova Plc has disclosed that Olu Adeosun will remain actively involved in the company’s operations until December 31, 2023, ensuring a seamless transition for the incoming executive management.

In line with what appears to be a well-thought-out succession plan, Moshood Olajide has been appointed as the new Managing Director of the company.

AbdulWasiu Sowami, the Group Executive Chairman of Prudent Group, the parent organization of Ardova Plc, has expressed his enthusiasm for the company’s potential to generate value within the energy sector.

Olu Adeosun, in his departing statement, extended his heartfelt gratitude to the Ardova Board, management, team, loyal customers, partners, and dealers for their steadfast support throughout his leadership tenure.

He underscored the formidable position of the Ardova brand across diverse channels and partnerships, asserting that he believes the time is right to pass the baton of leadership.