Olu Adeosun resigns as MD/CEO of Ardova Plc

Ardova Plc, a prominent Nigerian integrated energy company listed on the NGX, has announced a significant leadership change.  

Olu Adeosun, Chief Executive Officer (CEO) of Ardova Plc, is stepping down from his role to pursue new opportunities. His resignation, effective today August 31, 2023, marks the end of over four years of leadership at the company.  

Despite his departure, the company stated that Olu Adeosun will remain engaged with Ardova’s activities until December 31, 2023, ensuring a smooth transition to the new executive management. 

In line with what appears to be the company’s succession plan the company’s established succession plan, Moshood Olajide has been appointed as the new Managing Director.  

AbdulWasiu Sowami, Group Executive Chairman of Prudent Group, the parent company of Ardova Plc, expressed his excitement about the company’s potential for creating value in the energy industry.