Aiteo Announces Critical Executive Appointments and Reassignments

Aiteo E & P Limited has announced the restructuring  of its executive management team and made a number of critical appointments and reassignments following a review of its operational and investment objectives and in reaction to prevailing business environment.

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.

Mr. Peter 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.”

He further added “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. 

 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.  

Also, 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.