Austin Avuru: His Retirement Plans and Other Things You Should Know

Austin Avuru: His Retirement Plans and Other Things You Should Know
Austin Avuru

Austin Avuru, the Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc, has exited the oil and gas company after 11 years. His exit will take effect from Friday, July 31, 2020.

Avuru made the disclosure of his exit in the company’s latest financial statement, where he confirmed Roger Brown as his successor

His words; “This is my final set of results as Chief Executive of the Company I helped to found ten years ago.

“I thank all my staff, past and present, for working to make Seplat a major force in Nigerian energy production. I hand a robust and successful company over to Roger Brown in the confidence that he and everyone at Seplat will make its second decade even more successful than its first.”

Although, he didn’t disclose his reason for exiting the company in his statement; Unmask NG understands that the exit was a move towards retirement.

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His retirement plans…

In an interview with This Day two years ago, Avuru disclosed that he would be toeing a path by other billionaires like –Tony Elumelu.

“I will manage a small investment company, focusing on oil and gas upstream, real estate, capital market investment and agriculture,” he was quoted as saying.

Below are four things that you should know about Austin Avuru:

  • Avuru graduated from the University of Nigeria, Nsukka in 1980, with a degree in Geology.
  • In 1992, he returned to school, University of Ibadan precisely, to get a Postgraduate Diploma in Petroleum Engineering.
  • After 22 years of serving others, he founded his own oil and gas company, Platform Petroleum Limited, which later merged with A.B.C Orjiakor’s Shebah Petroleum Development Company, to become Seplat.
  • He is a former president of the Association of Petroleum Explorationists.
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