International Energy Insurance appoints Ayeni substantive MD

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By Kayode Tokede

International Energy Insurance Plc (IEI) has announced the appointment of Mr. Ebunolu Ayeni as substantive Managing Director.

The company in a statement signed by its Company Secretary, Adeyinka Hassan to the Nigerian Stock Exchange (NSE) on Monday, notified of the recent resignation of the managing Director/ CEO of IEI, Mr. Peter Irene, with effect from December 20, 2020.

The Chief Operating Officer, Mr 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 (NAICOM) for the appointment of the substantive Managing Director.

Ayeni is a graduate of the Insurance from the University of Lagos with Master degrees in marketing and Management from Ladoke Akinola University, and Enugu State University, respectively.

He is a fellow of the insurance institution of Nigeria with over three decades of cognitive experience. He is also a member of Nigeria Council of Registered Insurance Brokers and the Institute of Loans and Risk management, Nigeria.

The share price of IEI traded flat at N0.38 on Monday.