
Mahmud Tukur
Business Development and Operations

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About me
GCEO @Ashgrove Group || Award-Winning Global Business Leader || Independent Non-Executive Director || Board Chairman || Investor
Education

Millfield School
1982 - 1986Prep School
Cardiff University / Prifysgol Caerdydd
1991 - 1994Bachelor of Science - BSc Accounting /ManagementActivities and Societies: Treasurer Cardiff Business Society

Bromsgrove School
1987 - 1991GCSE’s & A’ Levels
Experience

Sirpi Group (Alusteel Construction / Interoil Services)
Jan 1994 - Jan 1998Business Development and OperationsSirpi Group - Alusteel Construction / Interoil Services • Lead Origination and Contract Management: Played a key role in the Business Development team for a mid-sized EPC contractor, responsible for originating leads, preparing tender documents, and managing contracts for onshore/offshore fabrication works, pipeline installations, oil production platform shut-downs and revamps, and crude oil storage tank farm revamps. • Pioneering Projects: Participated in ground-breaking projects, including the fabrication of the first low-pressure vessels and instrument workshops in Nigeria, showcasing innovative engineering capabilities.• Offshore Marine Services: Contributed to the Business Development and Operations teams, originating leads and preparing tenders for offshore marine services, including providing supply vessels, crew boats, FSIVs, and tugboats.• JV Partner Coordination: Liaised with Joint Venture partner operations teams, overseeing expatriate logistics, vessel Temporary Importation Permits (TIP), crewing, and catering, ensuring seamless collaboration and operational efficiency.• Representation at Key Meetings: Represented the company in critical operations meetings with major IOCs such as TOTAL, ExxonMobil, and NLNG, fostering strong client relationships and ensuring project alignment with client needs.• Innovative Solutions: Part of the team that conceptualised the use of fast crew boats and established Nigeria LNG's operating base in Port Harcourt, facilitating the efficient movement of personnel and light materials between Port Harcourt (Amadi base) and Bonny Island. Show less

IGPES GROUP
Apr 1997 - Mar 2007Founder & Managing Director• Market Leadership and Growth: Established and expanded IGPES into a preferred local content partner for multinational service companies and new entrants in Nigeria's oil service market, offering a diverse range of products as an EPICOM contractor. • Strategic Partnerships: Negotiated and established exclusive partnerships with industry leaders such as Hanover Compression (now Exterran) and Impac Offshore Engineering GmbH, enhancing IGPES's service offerings.• Major Project Execution: Successfully executed significant engineering projects, including gas compression lease packages at Otumara (swamp) and Oguta (land) flow stations for SPDC. Delivered unique procurement solutions and engineering design services (FEED and detailed) through call-off contracts for several international oil companies (IOCs).• Industry Recognition: IGPES grew to become one of Nigeria's largest oil service companies, known for its reliability and comprehensive service portfolio. Show less

Daddo Maritime Services
Jun 1998 - Dec 2004Managing Director• Turnaround Management: Assumed management of a struggling maritime service company and successfully revitalised its operations.• Market Leadership: Positioned the company as the leading indigenous tanker shipping agency in Nigeria, expanding its operations across West Africa and achieving a dominant market share of over 40%.• Service Excellence: Elevated the level of services and reporting structures to align with international standards, thereby ensuring competitiveness and service excellence. Show less

Independent Energy
Jan 2004 - Apr 2020Non Executive Director• Marginal Oil Field License Award: Successfully awarded a marginal oil field license for oil and gas exploration in OML 30.• Negotiation Leadership: Led all negotiations to secure financial and technical partners, including signing Farm-Out Agreements and Joint Operating Agreements.• JV Contracting Oversight: Oversaw the team responsible for the joint venture contracting processes with major vendors, including Schlumberger, Halliburton, Baker Hughes, and Deutag Drilling.• CASHES and Government Relations Management: Supervised the team responsible for Community, Health, Safety, Environment, and Security (CASHES) and Government Relations. Show less

ETERNA Plc
Sept 2004 - Aug 2020• Financial Restructuring and Repositioning: Led the financial restructuring and transformation of the company, positioning it into a mid-sized downstream player.• Enhanced Shareholders' Funds: Grew shareholders' funds from 3.9 billion to 12.5 billion Naira.• Strategic International Partnerships: Restructured and strengthened relationships with international partners (BP-Castrol) in the lubricants SBU and established a Crude Oil & Natural Gas Liquids trading desk from scratch, becoming a significant supplier to refiners and international traders. • Corporate Governance and Risk Management: Oversaw the implementation of a Corporate Governance framework and deployed an Enterprise Risk Management Framework (ERMF) from scratch.• Dividend Distribution: Paid dividends to shareholders for the first time in the Company's history.• Industry Leadership: Elected by industry peers to the position of 2nd Vice Chairman of DAPPMAN, the umbrella body for independent depot owners in Nigeria. Show less
Managing Director/ CEO
Jun 2010 - Aug 2020Non Executive Director
Sept 2004 - May 2010

ECM Terminals Limited Calabar
Aug 2007 - nowChairman• Negotiation and Agreements: Successfully negotiated a headquarters agreement with the Government of Togo and oversaw the bidding process for the concession of various ports in Nigeria under the Bureau of Public Enterprises (BPE).• Led the team that won a 25-year Concession for the Calabar Port Terminal. Negotiated the concession agreement with the BPE and arranged financing facility with commercial banks. • Stakeholders consistently recognise ECMT Calabar Port as one of Nigeria's most efficiently run terminals.• International Recognition: Awarded the National Honour of Officer of the Order of the Mono (OOM) by His Excellency the late President Eyadéma of Togo in recognition of outstanding contributions to regional trade and transport development in West Africa. Show less

TAF Africa Global
May 2012 - Jun 2020Non Executive DirectorI served as a Non-Executive Director on the Board of TAF Nigeria Limited (A Subsidiary of TAF Africa Global). The company developed the RIVTAF Golf Estate in Port Harcourt under a PPP with the Rivers State Government, transforming swampy terrain into the largest real estate development in Rivers State and in the process, became a reference model PPP project. • Supported the Board in strategy formulation, stakeholder engagement and developing a corporate governance framework. • Chaired the Audit Committee, overseeing internal financial controls and management audit processes. Show less

BOURBON
May 2012 - Feb 2020Independent Non-Executive Director (INED)Head hunted by the Board of a leading French Multinational company listed on the Euronext Exchange to provide expert sector knowledge and improve diversity. • Contributed to the global corporate strategy, participated in developing the Enterprise Risk Management (ERM) framework, and proffered solutions to improve implementation of compliance recommendations.• Gained exposure to stringent governance standards and diversity mandates promoting the inclusion of females in board compositions.• Played a pivotal role in the ad-hoc Board committee overseeing the company's takeover by a majority shareholder. • Member of the Board Audit Committee Show less

JUHI 2 Ventures Limited
Jan 2014 - Jan 2021Board ChairmanJUHI 2 is one of Nigeria's largest aviation fuel depots and is promoted by some of the biggest downstream operators. • Initially represented Eterna Plc on the JUHI 2 Board as Director from 2011 and was unanimously appointed by peer members to chair the Board in 2014. • Provided leadership, established governance structures, and maintained harmonious relationships between Board members despite fierce competition in the downstream sector between operators. • Oversaw the development of a corporate strategy, financial and operating models, and external engagements with potential partners and funding plans. • Laid the foundation for the successful take-off of the company's operations. Show less

Abumet Nigeria
Nov 2018 - nowNon Executive DirectorAppointed as a Non-Executive Director for a leading manufacturer of aluminium and allied products, which is a subsidiary of Nigeria's pre-eminent construction group Julius Berger. • Key contributions include supporting management in developing long-term corporate strategy, driving corporate transformation, diversifying sales beyond the parent group, and strengthening subsidiary governance.

Polysmart Group
May 2019 - Apr 2024Independent Non-Executive Director (INED)The Polysmart group is one the largest providers of recycling services in Nigeria and I Served as an Independent Non-Executive Director..• Supported the Founder/CEO and the Board in transforming the company from a sole proprietor structure into a diversified holding group with activities spanning the recycling value chain.

Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN)
Jul 2019 - Dec 2024Vice ChairmanElected as the 2nd Vice-Chairman of the leading Association representing Nigeria's largest downstream oil and gas operators.• Entrusted by the Chairman with enhancing the Association's internal governance and operations processes. • Key contributions include leading initiatives to reconcile member accounts, facilitating comprehensive audit of financial statements, consistently upgrading the Association's Secretariat and improving its IT infrastructure.• Functioned as a key representative in high-level meetings with stakeholders, including Regulators, NNPC, and the Houses of Parliament. • Provided regular consultation on the development of laws and regulations impacting the downstream sector and collaborated with members to support the Government's energy security policies. Show less

Ashgrove Group
Sept 2020 - nowGroup Chief Executive Officer• Developing and Implementing Strategic Plans: Oversee the formulation and execution of strategic plans to drive the company's growth and expansion across diverse sectors such as energy, infrastructure and technology in Africa.• Visionary Direction: Set the long-term vision and goals for Ashgrove Group, ensuring alignment with market trends and ever-changing industry dynamics.• Financial Strategy: Formulate and execute financial strategy to manage risk and maximise shareholder returns. • Stakeholder Engagement: Building and maintaining relationships with key stakeholders, including investors, partners, and regulatory agencies, to foster collaboration and support for business initiatives.• Leadership Development: Foster a culture of continuous learning and development to mentor the next generation of leaders within the organisation. Show less

Fuelmetrics Inc.
Jan 2022 - nowNon Executive DirectorFuelmetrics is an automation company focused on the downstream sector, providing real-time operations management solutions for retail station operations and the development/ integration of advanced payment systems (e-fuelling). • Appointed Chairman of the Board in 2023, mentoring tech entrepreneurs in transforming the company from a start-up to a mainstream solutions provider, initiating and overseeing the implementation of Corporate Governance Policies and Structures. Reverted to a NED role at the end of 2024. Show less

Shefa Engineering Limited
Feb 2024 - nowBoard Chairman• Leading the Board of a start-up oil servicing company with an initial focus on providing turnkey drilling solutions to E&P companies. NNPC awarded a contract to Shefa to provide turnkey drilling services in the frontier Chad Basin, in Northern Nigeria.
Licenses & Certifications
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Masterclass for Independent Directors Workshop
The Chartered Institute Of Directors, Nigeria - CIoD (Formerly known as IoD Nigeria)Oct 2022
International Oil Supply, Transportation, Refining and Trading
Mennta Energy SolutionsJul 2011
Leadership in Transformation: Navigating Finance and Sustainability in the New Business Era
Lagos Business School, Pan-Atlantic UniversitySept 2024.webp)
Company Direction Course I (Building Effective Directors)
The Chartered Institute Of Directors, Nigeria - CIoD (Formerly known as IoD Nigeria)Jul 2020
Trading Oil on International Markets
IHRDCOct 2011.webp)
Board's Role in Succession Planning
The Chartered Institute Of Directors, Nigeria - CIoD (Formerly known as IoD Nigeria)Aug 2024.webp)
Company Direction Course II (Building Effective Boards)
The Chartered Institute Of Directors, Nigeria - CIoD (Formerly known as IoD Nigeria)Dec 2023
Languages
- enEnglish
- frFrench
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