Business

Aiteo announces Senior Leadership Appointments

Following a review of its operational and investment objectives and in reaction to prevailing business environment, Aiteo has restructured its executive management, naming a number of critical appointments and reassignments. 

In confirming the appointments its Chief Executive and Executive Vice Chairman, Benedict Peters, explained that the organisation had undertaken the exercise driven by the necessity to realign its considerable interests across the various sectors within which it currently operates,“…to make the investment arms of the various businesses more effective; galvanise and enhance collective productivity to demonstrate visibly profitable outcomes for the ultimate benefit of its considerable stakeholders…”  Peters further observed that “… the uniqueness of the Group demands that an infusion of important impetus is given the necessary momentum by recognising as well as empowering key positions within the Group and realigning its considerable person-capacity to fit operational demands”, he said.

He further stated,“… I am delighted to confirm that we have been able to harmonise such a talented team to deepen and embolden the growth and future of our businesses, direction of which has been predicated on the urge to enhance innovative, new approaches to the beneficiation of resources across the Energy landscape.”

Mr Peters added that   “…we have always prided ourselves in housing a strong blend of skills which has been central to the attainment of our investment objectives. These appointments bring together important experiences as well as industry initiative, policy, technical and financing skills. Most importantly, it maximizes the strong energy among the team to provide material impact in sustaining refreshing, creative conviction to our approach to achieving the very lofty goals that we have set for ourselves”.

Mr. Chike Onyejekwe, the pioneer Managing Director of Aiteo E & P Limited will be retiring from the company. Mr. Onyejekwe will be replaced as Managing Director by Mr. Victor Okoronkwo. Currently Senior Vice President, Commercial & Gas for Aiteo E & P Limited, Okoronkwo brings over 30 years of Oil and Gas experience to this position.  Prior to joining Aiteo, he worked in various leadership capacities with the Shell Group in Nigeria and abroad as General Manager.

Mr. Emmanuel Ukegbu the Chief Operating Officer of Aiteo E & P Limited will also be retiring from the company.  In related moves, Mr. Emmanuel Ogagarue currently General Manager, Assets will become the Director in charge of Asset Development and Engineering.

Mr. James Iwoh will become the Director in charge of Production and Operations, from his current position as General Manager, Operations.

Mr. Mitchell Uchegbulam the current Chief Financial Officer, becomes Group Head, Planning, Budget and Implementation and will report to the Group Office.

Mr. Taiye Eyewuoma, presently General Manager Joint Venture & Project Management becomes Acting Chief Financial Officer, Aiteo E & P Limited.

Mrs. Osareme Archibong, current Deputy Chief Financial Officer/ Head Corporate Finance, becomes General Manager, Joint Venture Finance, Aiteo E & P Limited.

Mr.  Uzoh Anijah–Obi, currently Treasury Manager becomes Deputy Chief Financial Officer, Aiteo E & P Limited. All appointments take immediate effect.

admin

Recent Posts

Agbele Sporting Boss Hails Remo Stars’ Soname as He Marks Birthday

The Chairman of Agbele Sporting, Hon. Ponmile Omidiji, has rejoiced with and extended warm felicitations…

6 hours ago

Yoruba Group Backs DSS Director’s Call for Self-Defence Amid Rising Insecurity

A Yoruba group, Yeye Dara Omoluabi Family, on Sunday urged Yoruba communities to heed the…

8 hours ago

Food Security: Rep. Oseni Boosts Oyo Agriculture, Distributes 5,200 Bags of Fertiliser to  Farmers

The Chairman, House Committee on Federal Roads Maintenance Agency (FERMA) and member representing Ibarapa East/Ido…

5 days ago

JAMB Reschedules 2025 UTME to 24th April, Opens Portal for Slip Printing

The Joint Admissions and Matriculation Board (JAMB) has officially rescheduled the commencement of the 2025…

1 week ago

Enugu Runway Shut for Emergency Repairs, Airlines Reroute Flights — FAAN

The Federal Airports Authority of Nigeria (FAAN) has announced the temporary closure of Akanu Ibiam…

1 week ago

Tragedy as Building Collapse Leaves Many Feared Dead in Lagos {Photos}

  A tragic incident occurred on Saturday morning in the Ojodu-Berger area of Lagos State,…

1 week ago