Belemaoil names new CEO, CFO

Indigenous oil firm, Belemaoil Producing Limited, has announced the appointment of Ahmadu Sambo as its new managing director/chief executive officer. The company also said that it has appointed Emmanuel Onos  as its chief finance officer. Theses appointment, the firm said, is “to drive its transformation and realise its shared vision.”

In a statement at statement issued at the weekend and obtained by The Nation, the company’s Board of Directors said it approved the new appointments “having carefully reviewed their credentials and found them deserving of the positions.”

The statement noted that Sambo, a former Group General Manager (GGM), Finances, NNPC, joins Belemaoil in the new capacity as MD / CEO with over 35 years experience in the oil and gas industry spanning public and private sectors in Nigeria and the USA. He has also served as Managing Director of three subsidiaries of NNPC, which include NNPC Pension Fund, NIDAS Marine and NNPC Oilfield Services in addition to the position of General Manager in charge of NAPIMS Finance and Accounts as well as Group General Manager Accounts for NNPC Group.The statement reads: “The Board is confident that under the leadership of the new MD/CEO, Belemaoil will derive significant benefits for its joint venture operations and shareholders. The new Chief Finance Officer (CFO), Emmanuel Onos, also comes on board with over 35 years of experience in the financial space of the oil and gas industry at the managerial level in both local and international scenes,” the statement said.It further added that the Board believes strongly that the combination of Sambo and Onos, supported by the existing management team, will revitalise the company’s Joint Venture operations, unlock multibillion-dollar value and reposition it for a greater height that will be more beneficial to all shareholders. With the appointment, the firm said its President/Founder of Belemaoil, Tein Jack-Rich, will now focus on his vision for strategic multi-dimensional business development, including lens in the Fintech space, for strategic partnership with communities to foster financial inclusion, promote social good, peace and shared prosperity for national gain.

Jack-Rich also expressed confidence in the new appointees given the experience they bring to the table and their ability to steer the ship of Belemaoil to become the first truly indigenous oil and gas explorer and producer which emerged from an oil producing community in the Niger Delta, to be launched in the Nigerian Stock Exchange as well as  London and the New York Stock Exchange with overwhelming stock growth.

“We have no choice than to dream big and break new business boundaries beyond our eyes, for shareholders. I know our critics will say that this task is herculean. And I know you can deliver for yourself, for Nigeria’s sake, our investors, as well as the community that sees Belemaoil as its model,” he said.

Belemaoil names new CEO, CFO - The Nation Newspaper (thenationonlineng.net)