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Fortune trained senior executive with extensive international business experience that has made step change in EBITDA, CAGR in every assignment. Transformational leadership experience in multi-cultural environments, across four continents and several countries. Specialized in delivering shareholder and stakeholder value.Proven business track record of delivering superior growth with specialty in rapid new market development, and execution of blue ocean strategies of highly innovative companies. Excellent financial, P & L and cash flow management.Experienced in corporate governance and board membership, building organizations in frontier markets. Able to galvanize multicultural, high-performing bold and agile teams to delivering superior results leveraging safety, operational excellence and customer focus.Responsible, self-driven, principled and emotionally intelligent leader, capable of making sound and analytical decisions with a sense of purpose and urgency to delivering results.
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Senior Vice PresidentWelltec Oct 2019 - PresentAllerød, Dk- Responsible for strategy, business development and market expansion of conveyance, well intervention and completions technologies. Responsibilities expanded to cover all of North America and Caribbean countries -
Senior Vice PresidentWelltec May 2013 - Oct 2019Allerød, Dk- Responsible for strategy, business development and market expansion of conveyance, well intervention and completions technologies. Responsibilities expanded to cover all of Africa- Successful expansion in emerging and frontier market. Successful entry to five more countries- Responsible for the development and implementation of organizational frameworks and strategies, including fiscal planning and performance- Realized 3x revenue and 4x EBIDTA growth over a period of three years- Significantly grew market share and established unparalleled market leadership in Africa- Successfully led during the downturn in the oil and gas industries; stabilized revenues while maintaining high EBITDA margins, pricing discipline, a strong balance sheet and free cash flow management- Currently leading the business recovery after the industry downturn achieved much higher revenue and EBITDA growth than industry average
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Area Vice PresidentWelltec Apr 2011 - May 2013Allerød, Dk- Successful transition from the largest oilfield service company to a smaller high growth innovative company with niche technologies growing annual revenue 2.1x and amplified EBITDA 1.8x in four years prior to the downturn- Responsible for strategy, business development and market expansion of conveyance and well intervention technologies. Specifically hired to turn around and grow the Welltec business in Sub-Sahara Africa- Turned around the business in two established countries. Successful market entry to five more countries in Africa- Recruited and developed a diverse management team who executed and delivered the growth strategy- Achieved astronomical YoY revenue and EBITDA growth over multiple periods
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Global Business ManagerSchlumberger Sep 2009 - Apr 2011Houston, Texas, Us- Long term strategy, business development and market expansion of new measurements (LWD) and telemetry (MWD) products - Responsible for new product development portfolio with a budget of over several hundred million dollars per annum- Managed company stake in the multi-million-dollar joint venture nurturing the joint growth strategy to realize synergies - Managed technical domain leaders, provided guidance and prioritized activities of Engineering/R&D teams -
Global Product Marketing ManagerSchlumberger Feb 2008 - Sep 2009Houston, Texas, Us- Responsible for product marketing and leading new product development, as well as the introduction of the Advanced Telemetry Business Line- Developed a go-to-market strategy that led to the formation of a joint venture with a leading oilfield manufacturing company. Involved in negotiations to determine the contributions from the different parties- Led multi-company technical evaluation, enhancing the performance of the product - Coordinated the integration of the offerings from the different companies to realize the projected synergies
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Managing Director And Geomarket Operations ManagerSchlumberger Jul 2005 - Feb 2008Houston, Texas, Us- Managed personnel, finance, service quality, HSE, marketing and new technology introduction for the Electric Logging (Wireline) business covering Nigeria, Chad, Equatorial Guinea, Ghana and Ivory Coast - Full P&L responsibility delivering extremely high double digit operating margins - Developed relationships with employee union leading to multiple operating periods without industrial actions while maintaining safety, operational excellence and accountability - Part of the team that developed the strategy to redefine the market in anticipation of significant market events before the industry downturn in 2007/2008
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Regional New Technology Business Manager - Middle East And AsiaSchlumberger Jul 2003 - Jul 2005Houston, Texas, Us- Responsible for introducing and developing business for New Technology products and services - Turnover of Business Segment exceeded close to one billion dollars per annum- Significantly increased percentage of new technology fueling the growth of the region - Developed and executed the go-to-market strategy, fueling growth and market leadership- Managed technical and domain leaders, executed company specific technical conferences to support the adoption of new technologies
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Global Technical ManagerSchlumberger Nov 2001 - Jul 2003Houston, Texas, Us- Ambassador of the global field operations to the Technology Center, advising on Quality, Health, Safety & Environment (QHSE) and technical and operational issues- Responsible for knowledge management. Developed and implemented global best practices, case histories, lessons learned and solutions to enhance our service offering, customer satisfaction and revenue- Coordinated field test of new technologies globally- Actively involved in the Research & Engineering (R&E) and product development cycle as per company Product Life Management Process (PLMP) guidelines
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Customer Accounts ManagerSchlumberger Jul 1999 - Oct 2001Houston, Texas, Us- Developed and implemented sales plans for international clients at the onset of deepwater exploration and development in the Gulf of Guinea. Clients included Texaco (acquired by Chevron) and Equinor (formerly Statoil)- Maintained 100% market share in the deepwater market- Achieved the highest unit pricing for a business segment in the deepwater environment. Price list adopted as a global organizational reference- Formally trained in value pricing, negotiation skills, bidding, petroleum economics and E&P matrix
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Field Engineer And Cell ManagerSchlumberger May 1992 - Jul 1999Houston, Texas, Us- Led oilfield service crews to deliver exceptional service quality to assigned clients utilizing downhole high technology reservoir evaluation/production logging tools. The tools are deployed in oil and gas wells off offshore and onshore drilling rig - Managed business in remote locations achieving increased profitability via strategic pricing structure leveraging deep knowledge of the customer- Mostly assigned to high profile operations due to exhibited proficiency. Led operations in the high-profile Total (formerly Elf) Elgin/Franklin High Pressure and Temperature (HPHT) fields, with temperatures of approx. 390°F- Improved service quality, leading to an increase in revenue via the client’s quality and performance incentives- Received company and client’s commendations for excellent performance in multiple locations- Formally trained in safety management, leadership and personnel management
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Trainee Field EngineerSchlumberger Dec 1991 - May 1992Houston, Texas, Us- Best overall records ever achieved at the Schlumberger Wireline Training Center
Gbenga Onadeko Skills
Gbenga Onadeko Education Details
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Harvard Business School Executive EducationCertificate Of Management Excellence -
Harvard Business School Executive EducationAligning Strategy And Sales
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Harvard Business School Executive EducationBehavioral Economics
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Harvard Business School Executive EducationLeading Change And Organizational Renewal
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Harvard Business School Executive EducationPrivate Equity And Venture Capital
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Edinburgh Business School, Heriot-Watt UniversityManagement In Oil & Gas Industry With Distinction
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University Of LagosElectrical Engineering
Frequently Asked Questions about Gbenga Onadeko
What company does Gbenga Onadeko work for?
Gbenga Onadeko works for Welltec
What is Gbenga Onadeko's role at the current company?
Gbenga Onadeko's current role is Senior Vice President at Welltec.
What is Gbenga Onadeko's email address?
Gbenga Onadeko's email address is go****@****tec.com
What is Gbenga Onadeko's direct phone number?
Gbenga Onadeko's direct phone number is +128174*****
What schools did Gbenga Onadeko attend?
Gbenga Onadeko attended Harvard Business School Executive Education, Harvard Business School Executive Education, Harvard Business School Executive Education, Harvard Business School Executive Education, Harvard Business School Executive Education, Edinburgh Business School, Heriot-Watt University, University Of Lagos.
What skills is Gbenga Onadeko known for?
Gbenga Onadeko has skills like Operations Management, Strategy, Oilfield, Oil And Gas, Petroleum, Upstream, Business Development, Formation Evaluation, Product Marketing, Petroleum Engineering, Strategic Planning, Management.
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