Aiteo Group has announced the appointment of Mr. Bruce Burrows as the Global Group Chief Financial Officer (CFO) with effect from 18 November 2017. He will report to the Executive Vice-Chairman, Global Group Aiteo.
According to a statement by the Aiteo Group Friday, Burrows brings a wealth of experience from different parts of the world in the oil & gas, power, mining, manufacturing, consumer products, finance and public service sectors.
Most recently, the statement said, Burrows held CFO roles at Lekoil and Seven Energy respectively. Both are oil and gas exploration and production companies with a focus on Nigeria and West Africa. Prior to those roles, he was for 14 years the Finance Director of JKX Oil & Gas Plc, a London-listed exploration and production company with interests in Ukraine and Central/Eastern Europe.
Whilst with Ernst & Young in both Wellington (New Zealand) and London, Bruce focused on strategic advice and external audit across the energy, primary industries, manufacturing, consumer products and public service sectors.
The statement also said that Burrows has served on the boards of various firms including European Goldfields Limited, a resource company involved in the exploration, mining and development of mineral properties in Greece, Romania, and South – East Europe (the company was listed on the AIM market of the London Stock Exchange and the Toronto Stock Exchange, before being acquired in 2012 by Eldorado Gold for approximately $2.4bn).
He is a member of the Institute of Chartered Accountants of Australia & New Zealand, and holds a BSc Honours degree from Canterbury University (New Zealand) and a Diploma in Accounting from Victoria University (New Zealand).
Commenting on his appointment, Burrows said: “Many leading figures in the global oil market have kept one eye on Aiteo following the staggering progress they have made over the past year. It is a great privilege to be a part of one of the most progressive energy companies operating anywhere in the world today. I fully endorse the leadership vision that Benedict Peters has put into place at Aiteo and look forward to contributing to Aiteo’s next chapter.”
Speaking on Burrows’ appointment, the Executive Vice-Chairman of Aiteo Group, Benedict Peters, said: “Financial discipline is the backbone of every successful company, and we are delighted to welcome Bruce Burrows to Aiteo. He brings unparalleled experience of working within the strictures of the global oil and gas market, and his knowledge will be invaluable as Aiteo continues to grow, both in Nigeria and internationally.”