Appointments
AIO appoints NEM Insurance’s Tope Smart as Vice President
Tope Smart, the Chairman of Nigerian Insurers Association (NIA), has been appointed as the Vice President of the African Insurance Organisation (AIO).
Tope Smart, the Chairman of Nigerian Insurers Association (NIA), has been appointed as the Vice President of the African Insurance Organisation (AIO).
The announcement was made during the recently concluded AIO’s 46th conference and annual general assembly which held in Johannesburg, South Africa. According to the announcement, Smart’s appointment took effect from Wednesday, June 12, 2019.
Nairametrics understands that Smart, who is also the Group Managing Director of NEM Insurance Plc, had been a board member of AIO’s executive committee.
Tope Smart’s profile: Smart is an Insurance graduate from the University of Lagos (1987). He is an Associate of both the Chartered Insurance Institute, London (ACII) 1990 and the Chartered Insurance Institute of Nigeria (ACIIN) 1991. He holds a Master’s Degree in Business Administration from the University of Nigeria, Nsukka 2000.
A seasoned Underwriter and Marketer, he started his insurance career with Everyman Insurance Brokers in 1987. In recognition of his performance, he was recommended to head the Abuja branch of the firm but he chose to leave for Nigerian-French Insurance Company Limited in 1989 in order to widen his experience.
While there, Mr Smart served the company in various capacities and rose to the position of Head of Marine Unit before leaving for Perpetual Assurance Company Limited as one of the pioneer management staff in 1991. He became the company’s Assistant General Manager (Operations) before leaving to team up with Vigilant Insurance Company Limited as the General Manager/Chief Executive in 1995. He was later confirmed as the Managing Director of the company in 1997.
After Vigilant Insurance Company Limited merged and NEM Insurance Plc and company underwent a successful recapitalization exercise in 2007, Smart was appointed the Managing Director/Chief Executive Officer of the new entity. He held the position until April 2009.
About AIO: The African Insurance Organisation (AIO) is a non-governmental organisation recognised by many African governments, including Cameroon which has signed a headquarters agreement with it and where it has set up its permanent secretariat. AIO was established in 1972.
Appointments
Airtel Africa Plc appoints Kelly Bayer Rosmarin as Non-Executive Director
Kelly Bayer Rosmarin has been appointed by Airtel Nigeria Plc as a Non-Executive Director.
Airtel Nigeria Plc has announced the appointment of Kelly Bayer Rosmarin as a Non-Executive Director (NED), with effect from 27 October 2020.
This information is contained in a note sent to the floor of the Nigerian Stock Exchange on the 27th of October 2020 and signed by Secretary, Airtel Africa Plc, Simon O’ Hara.
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The appointment of Ms. Bayer Rosmarin is by the nomination of the controlling shareholder, pursuant to the terms of relationship agreement dated 17 June 2019, between the Company, Bharti Airtel, Airtel Africa Mauritius Limited, the majority shareholder, and an indirect subsidiary of Bharti Airtel, and Bharti Telecom. Ms. Bayer Rosmarin will replace Arthur Lang, who stepped down as a non-executive director on the same day.
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Ms. Bayer Rosmarin is currently the CEO of Singtel Optus and Consumer Australia. She was previously with Commonwealth Bank of Australia, where she held several senior positions and varied portfolios, before being appointed as Group Executive of Institutional Banking and Markets.
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What they are saying
Commenting on the appointment, Chairman, Sunil Bharti Mittal said, “On behalf of the Board, I would like to thank Arthur, who joined the Board in October 2018 and supported the company through its IPO, for his significant contribution to the success of our strategy to build Airtel Africa into a market-leading mobile service provider and wish him well for the future.”
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He further stated, “I am delighted that Kelly has agreed to join the Airtel Africa Board and we very much look forward to working closely with her.”
Appointments
MTN Nigeria announces the appointment of Karl Toriola as CEO designate
MTN Nigeria has announced the appointment of Karl Toriola as new CEO designate, to replace Ferdi Moolman.
The Management of MTN Nigeria Communications Plc has announced the appointment of Mr Karl Toriola as the CEO designate.
This information is contained in a note sent to the floor of the Nigerian Stock Exchange on 26th October 2020 and signed by MTN Nigeria Plc Secretary, Uto Ukpanah.
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The note partly reads:
“MTN Nigeria is pleased to inform The Nigerian Stock Exchange (The Exchange), the investing public and other stakeholders, of the appointment of Mr. Karl Toriola as the CEO designate. His appointment is effective 19 March 2021, providing enough time for an orderly handover.“
(READ MORE: MTN launches e-sim, a virtual sim card for more security and quality service)
Since joining the Group in 2006, Mr. Toriola has also held a number of senior operational roles including Chief Technical Officer of MTN Nigeria, CEO Of MTN Cameroon and MTN Group Operations Executive.
Mr. Toriola has at various times in his career in MTN Group, had oversight responsibility of 16 of the Group’s subsidiaries and served on various MTN boards, including MTN Nigeria.
(READ MORE: MTN Nigeria begins N100 billion commercial paper issuance today)
What they are saying
Speaking on the appointment, Dr Ernest Ndukwe OFR, Chairman of MTN Nigeria said, “After a thorough and rigorous selection process, we are delighted to welcome Karl back to MTN Nigeria. Karl Toriola is recognized throughout the industry as a highly experienced and well-regarded business leader.
“With his rich credentials, I am personally pleased that Mr. Karl Toriola is well-suited to lead MTN Nigeria’s Executive Management team through the next stages of growth in the years ahead.”
(READ MORE:MTN Nigeria, Zenith Bank post gains, as investors gain N54.42 billion)
What to expect
Mr. Karl Toriola’s appointment as CEO of MTN Communications Nigeria Plc is effective from 19 March 2021, providing enough time for an orderly handover by Mr. Ferdinand Moolman.
READ: NB Plc to raise additional N20 billion from its N100 billion Commercial Paper
The current CEO of MTN Nigeria, Mr. Ferdinand Moolman, will exit this role with effect from 19 March 2021 and assume a new role as MTN Group Chief Risk Officer. He will remain on the Board of MTN Nigeria in his new role as the MTN Group Chief Risk Officer.
Appointments
TCN MD, Sule Abdulaziz appointed Chairman of West Africa Power Pool
The acting Managing Director of TCN, Sule Abdulaziz, has been appointed the new Chairman of WAPP.
The acting Managing Director of Transmission Company of Nigeria (TCN), Sule Abdulaziz, has been appointed the new Chairman of the Executive Board of West African Power Pool (WAPP). Abdulaziz was nominated by the former Managing Director of Power Holding Company of Nigeria (PHCN), Joe Makoju, who is an honorary member of WAPP.
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This disclosure was made by TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, through a public statement in Abuja on Thursday, October 22, 2020.
In her statement, Mbah revealed that the West African Power Pool was created by Decision A/DEC.5/12/99 of the 22nd Summit of the ECOWAS Authority of Heads of State and Government, and adopted during the 29th Summit of the ECOWAS Authority of Heads of State and Government held in Niamey, Niger.
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The appointment was made during the 46th meeting of the WAPP Executive Board which was chaired by the Secretary-General of ECOWAS, Ki Sengui, and held through video conference on October 21.
The statement from Mba partly reads, “While making the nomination, Makoju noted that Abdulaziz is an expert in engineering with vast experience in the electricity sector and therefore will perform creditably as the new WAPP Executive Board Chairman.
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“His proposal was endorsed by MDs and Director Generals and other members of the board,” she said.
According to the statement, Abdulaziz in his acceptance speech thanked the board members and the honourary members for his nomination as the Chairman of the board and assured them of his total commitment to the overall objective of the regional electricity body.
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He also expressed the need to move the pool to the next level of operational efficiency and solicited the support of member utilities, especially members of the executive board in this regard.
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He urged members to ensure prompt payment of their contributions to the pool and also continue to collaborate actively with the secretariat to ensure effective and efficient coordination and implementation of all WAPP programmes.
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