International Energy Insurance Plc has appointed Ebunolu Ayeni as its Acting Chief Executive Officer
Home News Appointments Ebunolu Ayeni Appointed Acting CEO of International Energy Insurance Plc
Appointments - January 26, 2021

Ebunolu Ayeni Appointed Acting CEO of International Energy Insurance Plc

International Energy Insurance Plc has appointed Ebunolu Ayeni as its Acting Chief Executive Officer. His appointment follows the recent resignation of Peter Irene who held the position until late December last year.

A regulatory filing by the energy-focused insurance firm, which was seen by Business Elites Africa, said Mr Ayeni’s appointment took effect on December 20th, 2020. To this effect, he has taken over the daily administration of the company’s affairs, albeit in acting capacity. He will play this role for the meantime, until an approval is given by the National Insurance Commission to appoint someone that will head the position substantively.

“The investing public is hereby notified of the recent resignation of the Managing Director/CEO of International Energy Insurance Plc, Mr Peter Irene, with effect from December 20, 2020. 

“The Chief Operating Officer, Mr Abunolu Ayeni has immediately taken over leadership of management in acting capacity to fill the casual vacancy pending the approval of the National Insurance Commission for the appointment of a Substantive Managing Director,” the statement by the company said.

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Ebunolu Ayeni studied Insurance at the University of Lagos, earning a B.Sc.. He also obtained a Master’s degree in Marketing from the Ladoke Akintola University, as well as another Master’s degree from the Enugu State University.  He is a fellow of the Insurance Institute of Nigeria, a Member of the Nigeria Council of Registered Insurance Brokers, and a Member of the Institute of Loans and Risk Management of Nigeria.

About the company: Do note that International Energy Insurance Plc was incorporated on the 26 of March, 1969 and then listed on the Main Board of the Nigerian Stock Exchange (NSE) on July 13th, 2007. The company currently has total share outstanding of 1,284,085,489, with a market capitalisation of N487.9 million. Its share price opened today’s trade on the Nigerian bourse at N0.38.

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