Nestoil appoints new Executive Director

Nestoil Limited has appointed Mr. Obinna Ufudo as Executive Director, Operations.

A statement by the firm on Tuesday quoted Nestoil’s Group Managing Director, Dr. Ernest Obiejesi, saying “Nestoil is quite pleased to welcome Obinna Ufudo to our team.

“His career experiences bring further depth to our work force and will support our continued push for excellence and improved performance in our businesses”.

Ufudo, a seasoned financial services and corporate management professional joins Nestoil with over twenty years experience across multiple industries, having held senior level positions in Trading, Investments, General Management and Financial Advisory capacities.

He was the Group President/Chief Executive Officer of Transnational Corporation of Nigeria Plc (Transcorp) from 2011 to 2014, where he led the turn-around and repositioning of the company. He had supervisory responsibility for Transcorp’s Power, Hospitality, Agriculture and Oil & Gas businesses.

The statement added that Ufudo, who is a British Chevening Scholar, holds a Master of Science degree in International Securities, Investment & Banking from the University of Reading, UK.

“He also holds an Executive Master in Business degree from the IESE Business School, University of Navarra, Barcelona Spain and a Bachelor’s degree in Finance from the Enugu State University of Science and Technology.

“He is an alumnus of the Wharton School, University of Pennsylvania and Fellow of the Chartered Institute of Bankers of Nigeria,” it noted.