Aiteo, a Nigeria-based energy conglomerate, has restructured its executive management, naming a number of critical appointments and reassignments. According to the firm, the move follows a review of its operational and investment objectives and is “in reaction to prevailing business environment.”
Confirming the appointments this week, the company’s 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.
He said that the restricting seeks 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.”
“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”, Peters observed.
“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 Peters added.
As part of the changes, 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.
Meanwhile, 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.
Furthermore, 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.
And lastly, Mr. Uzoh Anijah–Obi, currently Treasury Manager becomes Deputy Chief Financial Officer, Aiteo E&P Limited. All appointments take immediate effect