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Oil and gas firm, Aiteo E & P Limited, has restructured its executive management, naming a number of officials into senior management positions.
According to a release signed by the firm’s senior corporate communications manager, Ndiana Matthew, this followed a review of Aiteo’s operational and investment objectives, and also in reaction to prevailing business environment.
Aiteo’s chief executive and executive vice chairman, Benedict Peters, while confirming the appointments explained that the exercise had been driven by the necessity to realign the company’s considerable interests across the various sectors within which it operates, and “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 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.
“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,” Peters said.
He 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.”
According to the release, Mr. Victor Okoronkwo, who is currently Aiteo’s senior vice president, Commercial & Gas, will be taking over as the new managing director of the company. He replaces the pioneer managing director, Mr. Chike Onyejekwe, who will be retiring from the company.
Mr. Okoronkwo brings over 30 years of oil and gas experience to his new position, and prior to joining Aiteo, he worked in various leadership capacities with the Shell Group in Nigeria and abroad as general manager.
In a related move, Mr. Emmanuel Ogagarue, currently general manager, Assets will become the director in charge of Asset Development and Engineering, while the chief operating officer, Mr. Emmanuel Ukegbu, will also be retiring from the company.
Mr. James Iwoh is to take over as director in charge of Production and Operations, from his current position as general manager, Operations, and Mr. Mitchell Uchegbulam, the current chief financial officer, becomes group head, Planning, Budget and Implementation.
Mr. Taiye Eyewuoma, presently general manager Joint Venture & Project Management becomes acting chief financial officer; Mrs. Osareme Archibong, current deputy chief financial officer/ head Corporate Finance, becomes general manager, Joint Venture Finance, while Mr. Uzoh Anijah–Obi, currently Treasury manager takes over as deputy chief financial officer.