NIPCO appoints new MD, COO, others to drive business expansion
By Abisola THOMPSON
NIPCO Plc, an integrated oil and gas company in the nation’s hydrocarbon
industry has approved the appointment of new helmsmen to drive company’s
operations and expansion, naming Suresh Kumar as managing director with
effect from February 1, 2020.
The Assistant General Manager, Corporate Affairs of the company, Alhaji Lawal Taofeek made the disclosure in a statement in Lagos on Sunday.
The statement said Kumar replaced Sanjay Teotia who is now the managing director, NIPCO Gas Ltd, with the mandate to drive NIPCO’s operations and expansion moves across the country with a view to properly harnessing its potentials in the gas sector
Also appointed into the executive management cadre in the company is Roka
Chiranjibi who doubles as the chief operating officer as well as chief
finance officer .He was formerly the chief finance officer of the company
Suresh Kumar has been a very key member of NIPCO’s top management and
leadership for about 15years, serving as immediate past chief operating
officer overseeing the entire terminal operations and ancillary activities
including interface with relevant government agencies in the industry.
Suresh who has over two decades of cognate industry experience has worked
diligently with hands on knowledge with two immediate past managing
directors of the company is expected to propel the organization with
innovative ways in its quest for continuous growth .
The new MD has been a major driving force in the entire operations of the
company especially in his last position as chief operating officer which
seems to have prepared him for this onerous responsibility as well as making
him a natural next in line to pilot the company to greater heights.
The appointments are geared towards increasing the stake of the company
especially at the retail end of the business with a view to maximizing the
inherent benefits in the downstream sector of the industry .
Ruminating on his appointment, Suresh pledged to run an open administration
with top notch management of resources in the overall interest of stakeholders.
He praised the sagacity of the outgoing MD, Sanjay describing him as an
industry guru whose wealth of experience would definitely give the company
an additional fillip in the hydrocarbon realm
NIPCO had in 2009 inaugurated several compressed natural gas infrastructure
to facilitate switch to gas as auto fuel for motorist and other end users in
the city of Benin and other parts of the country with gas pipelines.
The company is also poised to collaborate with recently inaugurated National
Gas Expansion Committee Programme headed by Mr Mohammed Ibrahim for gas
sector optimal performance and utilization of the massive gas resources in
the country
