Appointment of a Chief Operating Officer (COO) and MD Designate – Mr Oloruntoba Johnson Akinmoladun

As part of its future growth definition and ordered transformational planning, the Board of Directors of Niger Delta Exploration & Production Plc (NDEP), have approved and endorsed its Executive leadership succession and implementation programe.

The Chairman of the Board of NDEP Mr. Ladi Jadesinmi, is pleased to announce the appointment of Mr. Oloruntoba Johnson Akinmoladun as the new Chief Operating Officer (COO) and MD Designate.

This appointment, will cover in the interim, a transitional period of one year, during which the substantive Managing Director – Dr Layi Fatona, will progressively relinquish the functions of his position, while Toba Akinmoladun, assumes the role as Substantive Managing Director and CEO of Niger Delta Exploration & Production Plc and its subsidiaries. Dr Fatona will retain his position as MD/CEO – NDWestern Ltd.

This appointment is part of a major transformational journey for ensuring the future sustainable growth and development of the Niger Delta Group of companies, and one that will see NDEP further, through its corporate expansion initiatives. As a truly Nigerian Independent Integrated Petroleum development company, progressing through a Pan African growth phase, while maintaining its strong and unique position in the top echelon of the new emerging Petroleum Industry in Nigeria, NDEP is ready for the future.

Mr. ‘Toba Akinmoladun is a veteran of the Nigerian Petroleum industry, bringing to NDEP resilient leadership and innovative business acumen. With over 35 years of vibrant and senior level hands-on management experiences from a global industry, he possesses all the necessary skills to help facilitate the attainment of the company’s strategic future growth goals and initiatives in a superior manner.

Toba started at the Shell Petroleum Development Company of Nigeria in 1981 as a Petroleum Engineer, and steadily rose to senior and Executive level positions, including – Senior Drilling Engineer (at PDO Oman) between 1990-96; Forcados Terminal Asset Manager (1996-2002); Production Functional and Optimization Manager at Shell UK (2002 -2004); Asset Manager / Deputy Production Director for Shell Nigeria (2004-2006), General Manager Sub Saharan Africa Region / Shell Nigeria (2006-11), and thereafter, Shell Nigeria OEIP Director – with responsibilities for changing Shell Nigeria structure to a leaner organisation.

Prior to joining NDEP, he was seconded from The Shell Petroleum Development Company of Nigeria (SPDC), as Executive Director – OPTS (between 2012 -2016) during which he successfully co-ordinated OPTS activities, including strategy/ direction to achieve OPTS mandates, working with the MD/CEOs of 23 member companies.

Toba brings a substantial wealth of experience towards furthering our growth ideals at NDEP, using our existing lean organization and matured Nigerian petroleum industry human capital as vital resources for creating viable and profitable ventures. He is well positioned to ensure the maintenance of our enduring positive reputation, operational excellence, and our string of laudable Corporate Social Responsibility attainments as an organization.

Together with Dr Layi Fatona, Toba will ensure an ordered Executive Management succession and corporate transformation from our past, through the present, into the emerging future.

‘Ladi Jadesinmi
Chairman (4th July 2017)

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