ADM Energy a natural resources investing company with an existing asset base in Nigeria with holding 5% profit interest in the Aje Field being part of OML 113 has appointed Lionel Therond as its new chief financial officer in a non-Board role with immediate effect.

Therond was previously an exploration and production geoscientist before spending around 25 years in investment banking within the oil and gas sector, covering various roles. He joins the company on a part-time basis and will primarily assist the company with its investment and acquisition strategy.

“We are delighted to welcome Lionel to ADM as chief financial officer. Lionel has extensive experience in the oil and gas sector and a deep understanding of what is required when financing and structuring deals, which makes him the perfect fit for the company.We look forward to working with Lionel as we execute our growth strategy and build our investment portfolio,” said Osamede Okhomina, ADM chief executive.