Oando Plc has appointed Mr Cosmas Iwueze as an Independent Non-Executive Director. The appointment took effect from December 16, 2024.
In a regulatory filing at the Nigerian Exchange (NGX), Oando stated that the appointment was in line with Article 88 of the company’s Articles of Association.
Oando noted that Iwueze is a seasoned petroleum engineer and business leader with over three decades of experience in the oil and gas industry.
Joining Chevron Nigeria Limited (CNL) in 1990, Iwueze had risen through positions of increasing responsibility across reservoir and asset management, commercial development, operations, project management, and business strategy.
He also gained international experience working with Chevron in California and Angola.
Read Also: Ogun 2027 and the cacophony of voices
Iwueze previously held leadership roles as Business Services Director for Chevron’s Nigeria/Mid-Africa unit, General Manager of Operations, and General Manager of Asset Development and Exploration.
Iwueze’s notable achievements include securing third-party financing for JV projects and contributing to national petroleum policy development during a secondment to the Nigerian government.
Prior to retiring in November 2024, Iwueze served as Director of the NNPC/Chevron Joint Venture (JV), overseeing the JV asset development, major projects as well as oil and gas production with profit and loss accountability. In this role, he led strategic initiatives, managed multiple general managers, and acted as Managing Director when required.
Iwueze’s appointment followed recent appointment of Mr. Ken Igbokwe and Mr. Bashir Bello as Independent Non-Executive Directors of Oando.
Igbokwe is a highly experienced management and consulting professional with over 35 years of expertise in various sectors, including oil and gas, financial services and the public sector. During his career at PwC Nigeria, Igbokwe held key top leadership roles in assurance, tax and consulting.
His experience spans a wide range of areas such as statutory, financial and process audits & assurance, business valuations, dispute resolution, financial and information systems risk management, corporate strategy development, corporate performance management, and tax planning.
In his role as Country Leader of PwC Nigeria, Igbokwe had responsibility for driving strategic thinking and the visioning that underpinned the growth of the firm. He was in this leadership position for 10 years during which PwC Nigeria business recorded tremendous growth with PwC becoming the leading “Big 4” brand. He led the PwC West Africa business into the Africa-wide PwC merger in 2012. Ken contributes to public discourse and debates on public sector transformation in Nigeria and on matters which focus on corporate governance and the strengthening of the investment climate.
Bello is an oil and gas professional with over 32 years of experience in technical and executive management positions across the industry. His expertise spans all sectors, from downstream (refining) to midstream and upstream (exploration and production), with a strong focus on operations, engineering, project management, and corporate governance.
Bello has served as a Board Member for Shell Petroleum Development Company of Nigeria Limited, Bonny Gas Transport Company, NLNG Ship Manning Company Limited, and various Board Committees of Nigeria LNG.
With a proven ability in Interface and Stakeholder Management, Bello is skilled at delivering business value in Joint Ventures with diverse shareholder agendas, managing projects with complex interfaces and stakeholder expectations, and overseeing operations with diverse functional requirements and limited resources.