Business
Total Gets First Female MD In Nigeria

L-R: Minister of Special Duties, Alhaji Tanimu Turaki, Minister of Labour and Productivity, Chief Emeka Wogu, President, Trade Union Congress of Nigeria (TUC), Comrade Bobboi Kalgama and Former TUC President, Comrade Peter Esele, at the launch of TUC Housing Development Scheme for civil servants in Abuja, recently.
International Oil Company,
Total, has for the first time appointed the first female Managing Director for its operations in Nigeria.
A statement from the company on Friday named Mrs Elisabeth Proust as the Managing Director/Chief Executive of Total Upstream Companies in Nigeria consisting of Total E&P Nigeria Limited, Total Upstream Nigeria Limited and the company’s other subsidiaries.
According to the statement, the new MD would double as the Total Group representative in Nigeria adding that the appointment took effect from Wednesday February 12, 2014.
The statement stated that, “in her new position, she becomes the first female managing director in over 50 years’ history of the company in Nigeria. Proust succeeds Mr Guy Maurice, who has been assigned to other duties in the Total Group”.
The Upstream President, Total SA Yves-Louis Darricarrero who commented on the appointment said, “we have a great confidence in the ability of Mrs Proust to steer the ship of the upstream companies in Nigeria at this critical period in the Groups’ activities in the country.
The new female boss arrived in Nigeria with over 34 years of extensive experience in the oil and gas industry, according to Darricarrere.
She is a 1979 graduate of Mechanics and Marine Hydrodynamics from the Mechanical Engineering School in Central Nantes, France. She also has a degree in Petroleum Engineering from France Petroleum Institute, Paris, both in France.
Proust joined Elf in 1980 and started her career with ten years of hands-on experience as a driller.
The statement further said that, “Proust has held key technical and managerial positions in exploration and in various Total subsidiaries in France, Cameroun, Brazil, Angola, the Netherlands and Russia between 2004 and 2008. She was Vice President, Development Engineering and Head of Petroleum Engineering Competence for Total worldwide.
In December 2008, Proust was appointed President and Managing Director Total E&P Indonesia. She was also the Chief Executive for 15 other Total companies in Indonesia and the Total Group representative for the refining/chemical and marketing divisions.
“Proust was President Oil and Gas Association of Indonesia, the first woman to hold such a position in the country. She served in this capacity until her current positing to Nigeria”, the statement said.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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