The Executive Direc tor, Retail Sales, of Mobil Oil Nigeria, Mr. Adetunji Oyebanji, has been appointed as the Chairman/Managing Director of the company.

He takes over from Mr. Olu Onakoya who is retiring from the company.

The Board of Mobil Oil Nigeria, an ExxonMobil affiliate company, has announced the voluntary retirement of its Chairman/Managing Director, Mr. Olu Onakoya.

Mr. Onakoya, a chemical engineer, who is the firm’s first Nigerian Chairman/Managing Director, will retire on October 21 after 31 years in Exxon Mobil.

Mr. Oyebanji, according to a statement by its External Affairs Manager, Mr. Akin Fatunke, holds a Bachelor of Science Degree in Economics from the University of Lagos and a Masters in Business Administration (MBA) from City University, London.

Since joining Mobil in 1980, he has had a varied career in sales, marketing and planning in Exxon Mobil affiliates in Africa, Europe and United States of America.

The retiring Onakoya was at various times General Manager, Mobil Oil Ethiopia, Chairman/Managing Director of Mobil Oil Ghana and Mobil Oil Zimbabwe before his appointment in April 2004 to lead the downstream subsidiary of Exxon Mobil in Nigeria. - Tribune