The Nigerian National Petroleum Company (NNPC) Limited has hired a former vice president of the Abu Dhabi National Oil Company (ADNOC), Jean-Marc Cordier, to head its oil trading arm, NNPC Trading Ltd.
Daily Trust reports that this is the first time the company is hiring an expatriate, enabled by the Petroleum Industry Act (PIA), to operate as a globally competitive company and equal opportunity employer.
A statement by the Chief Corporate Communications Officer NNPC Ltd, Garba Deen Muhammad, on Monday, said Mr Cordier’s appointment is in furtherance of the ongoing repositioning drive in the company towards improved growth, better performance, and service delivery.
Mr Cordier, who has since assumed duty, is a renowned international oil trader.
Cordier, a French/Swiss national, holds a master’s degree in Corporate Finance with Distinction from Paris 9 University.
He comes into the role with a rich background spanning over 30 years in physical oil, oil derivatives, and risk management, with significant experience in reorganizing and creating a trading business.
At Abu Dhabi National Oil Company (ADNOC) in Abu Dhabi, UAE, he served as vice president Middle Distillates, senior vice president Risk Management, senior team member in charge of building the trading activity for ADNOC and the launch of ADNOC Global Trading (ACT) in December 2020.
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