Jump menu

Main content |  back to top

News and Media Releases

New Managing Director appointed for SPDC - Mutiu Sunmonu retires after 36 years of service

A new Managing Director has been appointed for The Shell Petroleum Development Company of Nigeria Ltd (SPDC). He is Osagie Okunbor, and takes over from Mutiu Sunmonu who is retiring after 36 years of service. Mr. Okunbor has also been named the Country Chair of Shell Companies in Nigeria, combining the two positions as his predecessor did. Mr. Okunbor is the third Nigerian to hold both posts.
new managing director appointed named okunbo osagie

A graduate of Business Administration from the University of Benin, Mr. Okunbor is an accomplished professional, who brings over 28 years of industry experience and expertise to the role. He has worked in Nigeria, the UK, Brunei and currently The Netherlands. His previous assignments included Vice President, Human Resources for Shell’s Upstream Business in Sub-Saharan Africa and Vice President, Infrastructure and Logistics Shell Nigeria. He is currently Senior Advisor in Shell’s Upstream International Operated business, based in The Hague, The Netherlands, from where he returns to Port Harcourt to take up his new role.

Commenting on the appointment, Vice President Nigeria & Gabon, Shell Upstream, Markus Droll said: “We are delighted to see another Nigerian at the helm of affairs in Shell Nigeria.Mutiu has worked very hard over these years – managing production and setting a new agenda in dealing with communities, government and other key stakeholders. We’re confident that Osagie will consolidate and build on the progress we have made in the past years.”

Mr. Okunbor assumes office on 1st March, 2015.

Mr. Okunbor is married to Soala and they are blessed with children. He enjoys music and football in his spare time.

Ends

Note to editors

Mr. Basil Omiyi assumed office as the Managing Director of SPDC in 2004, and also became Country Chair of Shell Companies in Nigeria in 2008, the first Nigerian to hold both positions.

Issued by: Precious Okolobo

Corporate Media Relations Manager

+234 8070365019

January 11, 2015

Cautionary statement:

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this presentation refer to companies over which Royal Dutch Shell plc  either directly or indirectly has control. Companies over which Shell has joint control are generally referred to “joint ventures” and companies over which Shell has significant influence but neither control nor joint control are referred to as “associates”. In this press release, joint ventures and associates may also be referred to as “equity-accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this presentation, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2014 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this presentation and should be considered by the reader.  Each forward-looking statement speaks only as of the date of press release, January 11, 2015.Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this presentation.

We may have used certain terms, such as resources, in this presentation that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.