Aradel Holdings Appoints Augustine Olorunsola as Interim Chairman

Aradel Holdings Plc has announced the appointment of Mr. Augustine Olorunsola as Interim Chairman of its Board of Directors, effective July 9, 2025.

The appointment was made through a written resolution of the Board dated July 17, 2025.

Mr. Olorunsola, who currently serves as a Non-Executive Director on the Board, assumes the role following a strategic leadership decision by the company.

The appointment has been formally communicated to the Nigerian Exchange Limited and other relevant regulators by the Company Secretary, Titilola Omisore.

Mr. Olorunsola brings over four decades of experience in petroleum resource management, spanning technical, policy, regulatory, and executive roles.

He holds a degree in Geology from the University of Ilorin and began his career with Agip-ENI, where he spent a decade in petroleum geoscience.

He subsequently joined Shell International, where he served for 22 years in senior roles including Petroleum Engineering Manager for Nigeria’s first deep offshore development.

His global experience includes assignments in Italy, the Netherlands, Russia, and the United States, focusing on corporate planning, gas commercialization, and regional resource management.

Mr. Olorunsola retired from Shell as Vice President, Commercial Gas Business for Sub-Saharan Africa before transitioning to policy advisory roles in Nigeria’s Ministry of Petroleum Resources.

He later served as Director of Petroleum Resources and was the technical lead in drafting Nigeria’s Petroleum Industry Bill from 2010 to 2019.

He is currently Chairman and CEO of Energetikos Limited and holds several non-executive board positions across the energy sector.

Mr. Olorunsola is also a Fellow and Country Chairman of the Energy Institute.

Aradel Holdings stated it remains committed to strong governance and strategic oversight as it advances its growth agenda in the energy sector.

The company reiterated its vision of being “Energised for a Brighter Future” in its official notice to shareholders and the investing public.

Aradel Holdings Plc is listed on the Nigerian Exchange and is regulated by the Securities and Exchange Commission.