Aiteo Reshuffles Management Team, Appoints New MD

By Dipo Olowookere

The executive management of Aiteo E& P Limited has been reorganised so as to bring about more productivity and efficiency.

In the restructuring announced by the oil firm, a number of critical appointments and reassignments were made in reaction to prevailing business environment.

According to the company, the reshuffling was carried out after a review of its operational and investment objectives.

Business Post learned that Mr Chike Onyejekwe, the pioneer Managing Director of Aiteo E & P Limited will be retiring from the company and will be replaced by Mr Victor Okoronkwo.

Currently Senior Vice President, Commercial & Gas for Aiteo E & P Limited, Mr 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.

Also, Mr Emmanuel Ukegbu, the Chief Operating Officer of Aiteo E & P Limited, will 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.

In addition, 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, while Mr Uzoh Anijah–Obi, currently Treasury Manager, becomes Deputy Chief Financial Officer, Aiteo E & P Limited.

Chief Executive and Executive Vice Chairman of Aiteo Group, Mr 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…”

Mr 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 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”.