From Rainoil to Eterna: Jude Nwaulune steps in as new CEO

Eterna Plc has appointed Jude Nwaulune as the managing director/chief executive officer of the Company with effect from May 14.

Nwaulune succeeds Olumide Adeosun, who resigned as Managing Director/Chief Executive Officer with effect from May 13.

“The Board expresses its sincere appreciation to Mr Adeosun for his valuable contributions, leadership, and service to the Company during his tenure and wishes him every success in his future endeavours,” Eterna said.

Jude Nwaulune is a seasoned business executive with over 19 years of professional experience spanning sales, marketing, business development, logistics, and operations management within Nigeria’s downstream energy sector.

Nwaulune is recognised for his strong leadership capabilities, commercial acumen, and extensive experience in petroleum retail expansion, Liquefied Petroleum Gas (LPG) penetration, petroleum bulk storage management, and nationwide distribution operations.

“The Board congratulates Dr Jude Nwaulune on his appointment and wishes him great success in his new role,” Eterna said.

Prior to his appointment as Managing Director/CEO of Eterna Plc, Nwaulune was the Managing Director of Rainoil Logistics Services Limited.

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Over the past 12 years, Nwaulune has played a pivotal role in driving strategic growth initiatives, operational efficiency, and market expansion across various business segments in the energy industry.

His expertise cuts across corporate strategy, supply chain optimisation, brand development, and business transformation.

Nwaulune holds a Bachelor’s degree in Business Administration from Ambrose Alli University, Ekpoma, 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 (NIJ), as well as a Master of Science (MSc) in Marketing Communications and a PhD in Strategic Marketing Management from Babcock University.

He is a member of several professional bodies and institutes, including the Chartered Institute of Logistics and Transport (CILT), the Chartered Institute of Personnel Management of Nigeria (CIPMN), the National Institute of Marketing of Nigeria (NIMN), the Nigerian Institute of Management (NIM), the Nigerian Institute of Public Relations (NIPR), and the Nigerian Institute of Training and Development (NITAD).

An accomplished academic and thought leader, Nwaulune has published several articles in both local and international journals and is the author of three books. He has also participated in numerous executive training programmes, conferences, and professional development sessions across Nigeria, Africa, and Europe.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.