GOIL Appoints Jacob Adjei as Group CEO to Drive Expansion

KEY POINTS

• Jacob Adjei appointed GOIL Group CEO effective December 2, 2024, with over 31 years of oil industry experience.
• Adjei’s expertise includes finance, procurement, and operations, with leadership roles at ExxonMobil, GOIL, and GoEnergy.
• GOIL plans strategic expansion under Adjei, emphasizing efficiency, market growth, and sustainability in Ghana’s dynamic energy sector.

Ghana Oil Company Limited (GOIL), Ghana’s largest oil marketing company, has announced the appointment of Jacob Kwabena Adjei as its Group Chief Executive Officer and Managing Director. The appointment, announced on the Ghana Stock Exchange (GSE) website, takes effect on December 2, 2024, highlighting GOIL’s strategic commitment to operational expansion and enhanced efficiency.

With over 31 years of experience in the downstream oil industry, including roles at ExxonMobil, GOIL, and GoEnergy, Adjei brings extensive expertise to his new position. His tenure at ExxonMobil, a multinational and one of the world’s largest oil companies, along with his leadership at GoEnergy, the largest Bulk Distribution Company (BDC) in Ghana, positions him as a key player in the sector.

Expertise in finance and procurement

Adjei’s professional background reflects a robust track record in accounting, finance, procurement, and investment management. Over the past 26 years, he has held various managerial positions, excelling in financial analysis, budgeting, treasury management, investor relations, and financial reporting. His ability to integrate these skills has been instrumental in achieving organizational objectives and driving growth.

An adept finance and procurement specialist, Adjei combines technical proficiency in tools such as MS Word, Excel, ACCPAC, and enterprise resource planning (ERP) systems with a strategic approach to decision-making. His capabilities in financial reporting and analysis have been central to optimizing performance and resource allocation within the organizations he has served.

Vision for growth and collaboration

As Group CEO, Adjei is expected to leverage his experience to steer GOIL through its next growth phase. Known for his energetic leadership and ability to foster collaboration across diverse teams, he has demonstrated a talent for resolving challenges and motivating colleagues to achieve organizational goals.

In his new role, Adjei will oversee the company’s efforts to strengthen its market position, expand operations domestically and regionally, and maintain GOIL’s reputation for excellence in service delivery. His expertise in both the private and public sectors will be pivotal in navigating the complexities of Ghana’s dynamic energy industry.

Strategic focus

GOIL’s announcement of Adjei’s appointment signals its commitment to aligning leadership capabilities with long-term objectives. The company, a leader in Ghana’s energy sector, continues to prioritize innovation, operational efficiency, and sustainable growth under its new leadership.

With this strategic leadership change, GOIL aims to reinforce its dominance in the oil marketing space while exploring opportunities for diversification and value creation. Adjei’s comprehensive understanding of the downstream oil industry and his proven ability to drive results make him an ideal candidate to lead the company into a new era of growth and success.