President Muhammadu Buhari has appointed Mr Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) to replace Mr. Maikanti Baru.
The corporation disclosed this in a statement released by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu,in Abuja, on Thursday.
He said that the appointment will take effect from July 8, 2019 adding that the president also appointed alongside Kyari, seven new Chief Operating Officers.
Mr Kyari from Borno State, succeeds the incumbent GMD, Maikanti Baru, who is due for retirement from the NNPC next month.
By this appointment, Mr Kyari becomes the 19th GMD of the NNPC.
Kyari is a quintessential crude oil marketer with prerequisite certification and outfield pedigree in Petroleum Economics and crude oil and gas trading.
In the last 27 years he had traversed the entire value chain of the Petroleum Industry, with exceptional records of performance.
Under his watch, the Crude Oil Marketing Division has recorded noticeable transformation in the management and sales of the various Nigeria’s crude oil grades via an infusion of transparency and automation of the processes, the release by the NNPC spokesperson, stated.