Aiteo’s Benedict Peters joins the board of U.S.-Africa Business Center

Aiteo Benedict Peters

The U.S. Chamber of Commerce said that Benedict Peters, Chairman and CEO of AITEO, will serve on the Board of Advisors for the U.S.-Africa Business Center.

The mission of the U.S.-Africa Business Center is to build lasting prosperity for Africans and Americans through job creation and entrepreneurial spirit, something that Mr. Peters has been active in on the continent for many years.

Welcoming Mr. Peters to the Board of Advisors, Chairman of the U.S.-Africa Business Centre, Scott Eisner remarks: “We value and appreciate the insights from companies such as yours as they not only benefit the Center, but also play a pivotal role in strengthening the ties between the United States and countries throughout Africa.”

Mr. Benedict Peters will join CEO’s from many Fortune 500 companies who have a strong presence in Africa, including Banco Prestigío, BP, Caterpillar, Chevron, IBM, MasterCard, Microsoft, and many others.

He has nearly 30 years of experience in the oil and gas industry, where he has held a number of executive and senior management positions. In 1990 he co-founded Ocean and Oil, which was the largest privately-owned energy company in Nigeria and later became known as Oando.

In 1994 he went on to serve as Managing Director at MRS Oil and Gas, a Nigerian petroleum company that currently owns Chevron/Texaco gas stations in West Africa.

Leaving MRS in 1999 to start his own business, in 2000 Benedict Peters founded Sigmund Cummenicci – a company that would focus on downstream oil and gas activities, beginning with tank farms. Sigmund Cummenicci’s initial success was followed by a shakeup in the economic markets, leading Peters to restructure the business and in 2008 form the Aiteo Group.

Mr. Benedict Peters maintained his position as CEO after the restructure. He oversees all company operations, growth and development as the company continues to diversify its holdings and increase its influence across the energy marketplace.