Lagos, Nigeria – Oando PLC has appointed Cosmas Iwueze as an Independent Non-Executive Director, effective 16 December 2024. This appointment strengthens the company’s leadership team, bringing on board a wealth of expertise accumulated over three decades in the petroleum industry.
Iwueze’s appointment follows his recent retirement from Chevron Nigeria Limited (CNL), where he held various senior leadership roles. His extensive career includes strategic and operational leadership positions, particularly in the areas of business services, joint ventures, and national petroleum policy development. At Chevron, Iwueze served as Business Services Director for Nigeria and Mid-Africa and as Director of the NNPC/Chevron Joint Venture, where he was instrumental in securing third-party financing for key joint venture projects.
In addition to his impactful role in the Nigerian energy sector, Iwueze’s international experience spans operations in Angola, California, and other parts of the United States, providing him with a broad understanding of global energy markets and a robust perspective on reservoir management, commercial development, and business strategy.
His deep expertise and network in the oil and gas industry will be invaluable to Oando PLC as the company seeks to enhance its strategic direction, especially in the areas of joint ventures, energy policy, and market expansion.
Iwueze’s Legacy at Chevron
During his tenure at Chevron, Iwueze was recognized for his leadership in managing complex projects and operations, playing a pivotal role in shaping the company’s business strategy and its long-term growth within the Nigerian and Mid-Africa regions. His contributions to national petroleum policy were particularly significant, stemming from a government secondment that helped shape the regulatory and strategic framework for the petroleum sector.
Oando’s Strategic Vision
With the addition of Iwueze to its board, Oando PLC aims to leverage his expertise to reinforce its position in the energy sector as it navigates the evolving landscape of global energy transition and domestic industry challenges. The company’s focus on sustainable growth, expansion of its operations, and strengthening its joint venture activities is expected to benefit greatly from Iwueze’s wealth of experience.
Iwueze’s appointment comes at a critical time for Oando, as the company continues to manage the challenges of the global energy market while also driving forward its own internal goals and financial performance.
Industry Perspective
Experts view Iwueze’s appointment as a strategic move by Oando to tap into his vast industry knowledge and leadership acumen. His experience in global markets, particularly in the oil and gas sectors in Africa and the United States, will bring fresh perspectives to Oando’s growth initiatives, particularly as the company focuses on expanding its footprint in key regions and continuing to innovate in the increasingly competitive energy market.
This strategic leadership addition aligns with Oando’s broader goal of strengthening its governance framework and positioning the company for long-term growth in the dynamic energy industry.
