Eterna Plc has announced the appointment of Dr. Jude Nwaulune as its new Managing Director and Chief Executive Officer, effective 14 May 2026.
Other News
The appointment follows the resignation of Mr. Olumide Adeosun, who officially stepped down from his role as Managing Director and Chief Executive Officer on 13 May 2026.
In its statement, the board expressed sincere appreciation to Mr. Adeosun for his leadership, commitment, and valuable contributions to the company throughout his tenure, while wishing him success in his future endeavors.
The board congratulated Dr. Jude Nwaulune on his appointment, noting his 19 years of experience across sales, marketing, business development, logistics, and operations in Nigeria’s downstream energy sector.
About Dr. Jude Nwaulune
Dr. Jude Nwaulune holds a Bachelor’s degree in Business Administration from Ambrose Alli University, graduating with Second Class Upper Division honours.
He also obtained a Postgraduate Diploma in Journalism with distinction in Public Relations and Advertising from the Nigerian Institute of Journalism.
In further pursuit of academic and professional development, he earned a Master of Science in Marketing Communications and a PhD in Strategic Marketing Management from Babcock University.
Dr. Nwaulune is a member of several professional bodies, including the Chartered Institute of Logistics and Transport and the Chartered Institute of Personnel Management of Nigeria.
He also belongs to the National Institute of Marketing of Nigeria, the Nigerian Institute of Management, the Nigerian Institute of Public Relations, and the Nigerian Institute of Training and Development.
His activities over the past 12 years have included growth initiatives, operational efficiency improvements, petroleum retail expansion, LPG penetration, supply chain management, and nationwide distribution operations in the industry, according to the board.
Prior to his appointment as Managing Director and Chief Executive Officer of Eterna Plc, Dr. Nwaulune served as Managing Director of Rainoil Logistics Services Limited.
More insights
Dr. Jude Nwaulune now joins the board of Eterna Plc, which is chaired by Dr. Gabriel Ogbechie, OON.
- At the executive level, the leadership includes Mrs. Phoebean Ifeadi, Mrs. Bunmi Agagu-Adu, and Mr. Okechukwu Ashiegbu, all serving as Executive Directors.
- The non-executive directors are Mr. Emmanuel N. Omuojine and Mrs. Godrey Ogbechie.
The independent non-executive directors include Mr. Anibor Kragha, Barr. Okey Omezi, and Dr. Akinwande Ademosu.
Mr. David Edet serves as General Counsel and Company Secretary.
What you should know
- Shares of Eterna on the Nigerian Exchange are currently priced at N34.35 per unit with a year-to-date performance of 20.53%
- In Q1 2026, Eterna recorded a stronger performance, with profit before tax rising to N1.6 billion from N1.4 billion in the corresponding period of the previous year.
- Revenue stood at N70.5 billion, down from N73.2 billion in the prior year, with fuel sales contributing 92.8%, lubricants 7%, and other sources making up the balance.
