Olajide appointed CEO of Ardova as Adeosun quits
Board of Directors of Ardova Plc (AP), yesterday announced that the company’s chief executive officer (CEO), will be exiting the to pursue new interests and opportunities. Olu’s resignation as CEO, is effective 31 August 2023, but he has committed to remaining involved with the activities of the company till 31 December 2023 to ensure a seamless transition to the new executive management.
The company said in a statement that Moshood Olajide has now been appointed as managing director(MD) to advance the company’s post-delisting transformation into one of Africa’s leading integrated energy company.
Commenting, Group Executive Chairman, Prudent Group (owners of Ardova Plc), AbdulWasiu Sowami, said: “Ardova is the crown jewel in our portfolio and is in an exciting position to create value in the energy industry, with many opportunities ahead.”
“I look forward to working closely with our partners and the Ardova leadership to continue executing on the company’s long-term vision & strategy. On behalf of the Board of Directors and staff, I thank Olu for his contributions to the growth of the company. We wish him well in the future.”
Also speaking, Adeosun said: “After over four years of building a market offering leveraging the strength and customer loyalty of the AP brand across multiple channels and partnerships, I believe this is the right point to hand over leadership. “I want to thank the incredible Ardova Board, management, team, our customers, and partners – especially our formidable dealers – for their relentless support. I will work with the Chairman and the Board to ensure a smooth transition and I will continue to be a customer, stakeholder, and lifelong fan of Ardova, its products & services.”
