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, Benedict Peters, chief executive officer and executive vice chairman, 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.
He said: “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”.
Replacing the outgoing managing director, Chike Onyejekwe, is Victor Okoknkwo who is 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.
Emmanuel Ukegbu the Chief Operating Officer of Aiteo E & P Limited will also be retiring from the company. In related moves, Emmanuel Ogagarue currently general manager, Assets becomes Director in charge of Asset Development and Engineering, James Iwoh,Director in charge of Production and Operations, Mitchell Uchegbulam now Group Head, Planning, Budget and Implementation and will report to the Group Office.
Taiye Eyewuoma, acting Chief Financial Officer, Aiteo E & P Limited, Osareme Archibong, General Manager, Joint Venture Finance, Aiteo E & P Limited while
Uzoh Anijah–Obi, is now deputy Chief Financial Officer, Aiteo E & P Limited.
