Forte Oil Shares Rise as Adeosun is Appointed Chief Operating Officer

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62350362 forte oil Forte Oil Shares Rise as Adeosun is Appointed Chief Operating Officer

Goddy Egene

Shares in Forte Oil Plc rose further by 2.5 per cent to N32.00 per share as investors reacted positively to the appointment of Mr. Olumide Adeosun as the new chief executive officer(CEO) of the company and Mr. Moshood Olajide as chief financial officer(COO).

Their appointment followed the acquisition of 74 per cent equity stake in Forte Oil Plc by Ignite Investments and Commodities Limited led by Prudent Energy Services Limited, divested by Femi Otedola. Adeosun has extensive knowledge developed over 18 years of experience encompassing oil and gas, renewable energy, power, and strategy both locally and internationally.

The CEO began his career at Price Waterhouse Cooper (PwC) in London in 1998, where he provided advisory services to a range of multinational clients in the financial sector. In 2004, he worked as a consultant to British Petroleum (BP) Plc on a compliance program and eventually moved to join the company as Group…



Source: Thisday Newspaper