Restructuring: NNPC sacks all management staff with less 15 months to retirement
The Nigerian National Petroleum Company Limited (NNPC) says its Management Staff with less than 15 months to statutory retirement will be exiting the company effective Tuesday (today).
The company disclosed this on Tuesday via its official X handle.
According to NNPC Ltd., the move is to pursue effective organisational renewal to support its strategic business objectives, as it has become imperative to rejuvenate its workforce.
“Consequently, in addition to the recent exit of three executive vice-presidents, other management staff with less than fifteen (15) months to statutory retirement will be exiting the company effective Sept. 19, 2023. This is in line with our commitment to scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians,” said the national oil company.
NNPC had on Sunday announced the appointments of three new executive vice-presidents, including Oritsemeyiwa Eyesan (executive vice-president, Upstream), Olalekan Ogunleye (executive vice-president, Gas, Power, and New Energy) and Adedapo Segun (executive vice-president, Downstream).
This development led to the compulsory retirement of the company’s three former executive vice-presidents, Abdulkabir Ahmed, Adokiye Tombomieye, and Adeyemi Adetunji.
(NAN)
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