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Appointments

Prestige Assurance appoints new Managing Director

Prestige Assurance Plc has appointed Sarberswar Sahoo as its new Managing Director following the expiration of Dr Balla Swamy’s tenure.

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Prestige Assurance makes new appointments 

Prestige Assurance Plc has appointed former director, Sarbeswar Sahoo as its new Managing Director following the expiration of Dr Balla Swamy’s tenure. Valdamudi Raja has also been appointed as Executive Director of the company.

The company made this announcement in a notification sent to the Nigerian Stock Exchange (NSE) and the general public.

The appointees’ profiles: Sarbeswar Sahoo holds a Masters degree in Commerce and another in Business Administration (Financing & Marketing). He is a fellow of the Insurance Institute of India (FII). Sahoo joined the services of the new India in different capacities in various departments ranging from accounts, claims, personnel and various aspects of branch, division and region operations.

Balla Swamy

Prior to this, Sahoo worked as the Regional Manager in charge of Bhubaneswar’s regional operations. He has 27 years of experience in General Insurance Industry and has undergone various professional training and workshops which cut across different aspects of insurance. He is a visiting faculty to management institutions and insurance training institute.

On the other hand, Valdamudi Raja holds a Masters degree in history from Acharya Nagarjuna University Guntur. He is also a fellow from Insurance Institute of India, Mumabi. He has 28 years of experience in the insurance industry as he has worked as a branch manager & divisional manager. Raja has also handled marketing, claims management, accounts and underwriting.

[READ MORE: Appointment of Dr. (Mrs.) Ajoritsedere Awosika, MFR as chairman of Access Bank Plc)

In addition, he has conducted various training programs for marketers and headed a specialized agent branch in Visakhapatnam as a branch manager.

Raja has no doubt a worthy exposure in servicing large corporates and brokers. He has undergone various training programs particularly in fire, business interruption, engineering, marine cargo & hull, motor, health and general accidents and so on, in Hyderabad, Mumbai & NIA, Pune. Raja has been working with Prestige Assurance since March 2016.

About Prestige Assurance Plc: The company is a non-life insurance business with over sixty years of experience in Nigeria. Its core areas of business include motor, marine, bond, engineering, fire, aviation, oil and gas and general accident.

New India Mumbai Assurance Company and Leadway Assurance Plc are the majority shareholders in the firm.

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

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    Appointments

    Airtel Nigeria announces appointment of Surendran as new Chief Executive Officer

    Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new MD/CEO with effect from August 1, 2021.

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    Like MTN, is Airtel Nigeria considering listing?

    Telecommunications giant, Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new Managing Director and Chief Executive Officer with effect from August 1, 2021.

    Surendran would be replacing the outgoing Managing Director and Chief Executive of Airtel Nigeria, Olusegun Ogunsanya, who has been elevated to the position of Chief Executive Officer of Airtel Africa Plc with effect from October 1, 2021.

    According to a report from the News Agency of Nigeria, this disclosure is contained in a statement issued by Airtel on Wednesday, May 5, 2021, in Lagos.

    READ: Airtel Africa signs new $500 million loan with Bank of America, HSBC, others

    The statement says that Surendran would also be appointed to the Executive Committee (ExCo) as Regional Operating Director, reporting to the CEO of Airtel Africa plc, and onto the Board of Airtel Networks (Nigeria) Limited.

    Airtel in its statement said, “Surendran has been with Bharti Airtel since 2003 and has contributed immensely in various roles across customer experience, sales and business operations.

    He was the Chief Executive Officer of Karnataka, which is the largest circle in Airtel India, with over one billion dollars in revenue.

    Surendran delivered an exceptional performance with significant movement in Revenue Market Share (RMS) over the last few years, currently at 54 percent. He has over 30 years of business experience, including 15 years at Xerox.’’

    Hotflex

    Airtel said that Surendran would transition into his new role from June 1, 2021, and spend the time onboarding into the business until July 31, 2021.

    READ: Meet the latest billionaires on the Nigerian Stock Exchange

    In case you missed it

    It can be recalled that a few days ago, Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, announced the appointment of Mr Olusegun Ogunsanya as the new Chief Executive Officer, following the notice of retirement given by the current Managing Director/Chief Executive Officer, Raghunath Mandava, to the Board.

    In the notification sent by Airtel Africa to the Nigerian Exchange, Ogunsanya is expected to join the board of Airtel Africa with effect from October 1, 2021.

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    Appointments

    Guinness announces retirement of Chairman, appoints former Minister as replacement

    Guinness Nigeria Plc has announced the appointment of Dr Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.

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    Guinness announces retirement of Chairman, appoints former Minister as replacement

    Guinness Nigeria Plc has announced the appointment of Dr. Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.

    This follows the retirement of the current Chairman, Babatunde Savage, from the position, with effect from June 30, 2021.

    The announcement is contained in a notice sent to the Nigerian Exchange Limited, investing public, and other stakeholders on May 4, 2021, and signed by the Company Secretary, Rotimi Odusola.

    READ: Guinness, Int’l Brew, Nigerian Breweries spend N65.5 billion on key acquisitions in 2020

    Johnson, who has over 30 years of experience from both the private and public sectors of the Nigerian economy, was a former Minister of Communications Technology and a former Country Managing Director in Accenture.

    While commenting on her appointment, Johnson who has been serving on the board of Guinness, said, “Guinness Nigeria is an excellent company with tremendous value creation opportunities, and I believe the refreshed board and management team remain committed to maximizing shareholder value.”

    In his letter addressing the board in compliance with the applicable corporate governance regulation, Savage expressed his pleasure at the opportunity to have been a part of the Guinness story over the last four decades.

    He thanked the board of Guinness Nigeria and Diageo UK for the opportunity to have served in several capacities, first as an employee who held various strategic senior roles, then as an Executive Director, and later as Chairman of the board, a role that he held for almost 12 years.

    READ: Guinness Nigeria’s market value surged by N23.8 billion in March 2021

    He said, “After almost 40 amazing years, my journey with Guinness Nigeria is coming to an end. Guinness Nigeria is and will always be family to me.”

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