IEI appoints Ayeni as interim MD following Irene’s resignation

By Zainab Iwayemi

• Awaits NIACOM’s approval of new MD

International Energy Insurance (IEI), the Nigerian energy-focused insurance company for offshore and onshore risks, as well as general insurance business, has appointed EbunoluAyeni as acting managing director of the company following the resignation ofits former chief executive, Peter Irene, which took effect from December 2020.

This was contained in a statement filed with The Nigerian Stock Exchange and signed by the company’s secretary, Adeyinka Hassan.

Formally serving as the chief operating officer, Ayeni is expected to fill the casual vacancy pending the approval of the National Insurance Commission (NAICOM) for the appointment of a substantive managing director.

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

“The chief operating officer, Ebunolu Ayeni has immediately taken over the leadership of management in acting capacity to fill the casual vacancy pending the approval of the National Insurance Commission for the appointment of a substantial managing director,” the company’s statement read in part.

Having graduated from the University of Lagos where he studied insurance, the acting managing director proceeded to LadokeAkintola University and Enugu State University for his master degrees in marketing and management, respectively.

Ayeni has over three decades of cognitive experience as a fellow of Insurance Institute of Nigeria. Similarly, he is a member of Nigeria Council of Registered Insurance Brokers and the Institute of Loans and Risk Management Nigeria.