Following a review of its operational and investment objectives, and in reaction to the prevailing business environment, upwardly oil and gas industry player, Aiteo Group has restructured its executive management, listing a number of critical appointments and re-assignments. With this development, Mr. Chike Onyejekwe, the pioneer Managing Director of Aiteo E & P Limited, will be retiring from the company, and will be replaced in the same capacity by Mr. Victor Okoronkwo, as the substantive Managing Director, with immediate effect.
Before this new appointment, Okoronkwo was Senior Vice President, Commercial & Gas for Aiteo E & P Limited. He brings on board over 30 years of Oil and Gas experience to this position. Prior to joining Aiteo, he had worked in various leadership positions with the blue chip Shell Group in Nigeria and abroad as General Manager. In the same vein like Onyejekwe, 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 now be the Director-in-charge of Asset Development and Engineering. Mr. James Iwoh becomes the Director-in-charge of Production and Operations, having previously been 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. Mr. Taiye Eyewuoma, presently General Manager, Joint Ventures & Project Management, now becomes Acting Chief Financial Officer, Aiteo E & P Limited. Mrs. Osareme Archibong, the 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. Confirming the new appointments, the Chief Executive and Executive Vice Chairman of the Group, Mr. Benedict Peters, explained that the organization took the new moves having been driven by the necessity to re-align its considerable interests across the various sectors within which it currently operates.
In his words, “the exercise was to make the investment arms of the various businesses of the group more effective; galvanize and enhance collective productivity to demonstrate visibly profitable outcomes for the ultimate benefit of its considerable stakeholders.”
Peters further observed that the uniqueness of the Group demands that an infusion of important impetus is given the necessary momentum by recognizing, as well as empowering key positions within the Group, and re-aligning its considerable person-capacity to fit operational demands.
He further stated, ‘’I am delighted to confirm that we have been able to harmonize 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. 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.”