President Goodluck Jonathan Tuesday announced the appointment of Mr. Andrew Yakubu as the new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) with immediate effect.
Yakubu, appointed with a new group executive management team, will be taking over from Mr. Austin Oniwon, who retired having attained the mandatory retirement age of 60 last year. Oniwon was retired with three other group executive directors.
Yakubu, who is the 15th NNPC boss, is a 1979 graduate of Chemical Engineering from the Ahmadu Bello University, Zaria and joined NNPC 32 years ago.
He rose through the ranks to become the Managing Director of Warri Refining and Petrochemicals Company and Group Executive Director (GED) in charge of Exploration and Production.
Yakubu is an indigene of Kaduna State and a Fellow of the Nigerian Society of Engineers (NSE).
Oniwon,(The sacked GMD) who attained the mandatory retirement age of 60 years in April 2011, was re-appointed in February 2011 to stay beyond the retirement age to “allow for continuity and full implementation of critical government initiatives in the oil and gas industry, including the passage of the Petroleum Industry Bill (PIB),” the statement said.
Was that why he was fired, because he has crossed retirement age? and what do they mean by continuity, so, while he was there no plans was made for someone to fill in?