MRS Oil Nigeria appoints Adejonwo as new CFO

The Board of Directors of MRS Oil Nigeria Plc has appointed Mr. Samson Adejonwo as the new chief finance officer (CFO) of the company to replace Mr. Charles Agutu.

In a notification to the Nigerian Stock Exchange (NSE), the company commended Mr. Agutu, saying his proficiency, influenced the growth of the company during his tenure.

The company stated that the new CFO, Mr. Adejonwo, has over 12 years’ experience in Accounting and Management and has held various positions in organisations, such as Summit Finance Company, ALM Consulting Limited before joining MRS Holdings Limited.

According to the company, he holds an MBA degree in International Business Management from Lagos State University and he is an Associate Member of the Institute of Chartered Accountant of Nigeria.

Until his appointment as the CFO, he was the Finance Manager of MRS Oil and Gas Company Limited.

MRS Oil Nigeria Plc is a fully integrated and efficient downstream player with leading positions in the Nigerian oil industry.

From September 1, 2006, the company’s name changed from Texaco Nigeria Plc to Chevron Oil Nigeria Plc following a directive from the Chevron Corporation’s headquarters to all affiliate companies designed to present a clear, strong, and unified presence of Chevron Corporation throughout the world.

Early in 2009, in efforts to continue to grow and expand its business, MRS concluded a high-profile acquisition of Chevron Downstream assets in Nigeria flagging the Texaco brand.

With this excellent acquisition, a very strong brand foundation with over 50 years’ presence in the Nigerian market was inherited with a human capital of over 200 dedicated, experienced, and well-trained employees who are committed to the future growth of MRS Oil Nigeria Plc.