Appointments
Leadway Assurance appoints new CEO, as Hassan-Odukale takes a bow
The management of Leadway Assurance Company Limited has announced the exit of the CEO/MD of the company, Oye Hassan-Odukale.
The management of Leadway Assurance Company Limited has announced the exit of the Chief Executive Officer and Managing Director of the company, Oye Hassan-Odukale.
Hassan-Odukale led the management of the company for three decades after taking over from his late father, Olusola Hassan Odukale. The outgoing CEO reportedly retired from his executive capacity last year.
A statement issued by the company said, “During his tenure, Oye saw the business grow from a small regional company into one of Nigeria’s foremost insurance companies, attaining the number one position in terms of Gross Premium Income (GPI) and Balance Sheet Size.”
Hassan-Odukale’s exit comes at a period the insurance sector is grappling with the directive of NAICOM on recapitalisation. The directive sees the new capital structure for Life, Non-Life and Composite insurance companies, including reinsurance companies, increased from N2 billion, N3 billion, N5 billion and N10 billion to N8 billion, N10 billion, N18 billion and N20 billion.
Who will be replacing him? Leadway Assurance has already chosen a replacement. The leadership of the company will continue to be a family affair with the appointment of Tunde Hassan-Odukale, who took over the organisation as the new Managing Director, effective January 1, 2020.
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Tunde has been a member of Leadway’s executive and leadership team since 1999, previously serving as the company’s Executive Director, Financial Services and Systems.
On his brother’s appointment, Oye Hassan-Odukale said, “In his 30 years of leadership experience at Leadway, Tunde has been the driving force behind the tremendous growth we have seen in the areas of Life Assurance, Investments, Finance and Technology. This makes him a natural successor to steer the company to its next phase in history.”
Reacting to his appointment as Oye’s replacement, Tunde asserted that, “I am honoured, yet humbled to lead this company at a time like this. We have a customer-centric culture and an engaging approach that has enabled us to grow strongly through the years. Building on this legacy is a challenge that I accept together with our professional team.
“We are where we are because our clients, brokers and direct customers trust our ability to support them in a friendly, empathetic and reliable manner. This is humbling and our ambition to continue to deliver remains fierce. I am passionately committed to consolidating on existing achievements by placing our clients at the absolute centre of everything we do.”
Tunde’s profile: He graduated from the University of London and City University, London. He holds a Bachelor Degree in Pure Mathematics and is an alumnus of the Lagos, London, Harvard and Stanford Business Schools.
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He sits on the board of directors of various blue-chip companies, which include First Bank of Nigeria Limited. He is a member of the Royal Society of Mathematics, the Institute of Actuaries and the Institute of Directors.
Appointments
Flour Mills appoints Juliet Anammah to the Board of Directors
Juliet Anammah has been appointed to the Board of Directors of Flour Mills of Nigeria Plc.
Nigeria’s leading integrated food business and Agro-allied group, Flour mills of Nigeria Plc has announced the appointment of Juliet Anammah, to the board of Directors.
The appointment was announced in a disclosure sent to the Nigeria Stock Exchange today, which was seen by Nairametrics.
This disclosure which was signed by the Company’s Secretary, Umolu Joseph, confirmed the appointment of Anammah, to the board of Directors effective from 10th September.
Juliet, who is the current Chair of the Board, Jumia Nigeria, and Head of Institutional Affairs across Africa brings a vast experience in the consumer product industry, along with excellent skills in product creation and high-profile brand building.
It is noteworthy that Mrs Anammah, while the CEO of Jumia led the company through a period of impressive growth, and subsequently to become the first African tech company to be listed on the New York Stock Exchange in 2019.
Read more: Jumia officially lists on the New York Stock Exchange
Speaking about the appointment, Mr John Coumantaros, Chairman of the Board says the appointment is of tremendous value to FMN, as it will help to position the group to take advantage of the changing consumer landscape in the foods and Agro-allied sectors.
“I am truly excited to welcome Juliet to the Board of Directors. Her over 28 years of executive leadership experience in business consulting and e-commerce in Africa will be of tremendous value to FMN, as we continue to position the group to take advantage of the changing consumer landscape in the foods and agro-allied sectors,” Coumantaros said.
Coumantaros emphasized that the appointment represents the Boards’ determination to ensure a diverse mix of skills and viewpoints on the FMN Board in a bid to fulfil the purpose of feeding the nation, every day.
About Mrs Juliet Anammah
Mrs Juliet Anammah has over twenty-five years of professional experience in Consumer Goods, Sales and Marketing Management Consulting and E –commerce. She started her career with Sanofi Aventis in 1991 and worked in key sales/marketing capacities until 1999, when she joined Accenture’s Strategy service line as a senior consultant.
In 2004 she launched Accenture’s Products Operating Group which covers Accenture’s consulting services for Fast Moving Consumer Goods, Retail and Transport Industries in West Africa. Juliet became a Partner in Accenture in 2013.
She is presently the Managing Director/Chief Executive Officer of Jumia Nigeria, a position she undertook in 2015 and oversaw Jumia’s transition from online Retail to a Marketplace. Jumia is an online marketplace operating in 15 African countries. Jumia’s scope covers E–commerce, Travel booking, Food ordering and Classifieds.
Appointments
UBA’s Sola Yomi-Ajayi appointed to US EXIM’s Sub-Saharan Africa Advisory committee
Committee comprises of notable individuals of the US business community.
Sola Yomi-Ajayi, the Chief Executive Officer, (CEO) of UBA’s operations in the USA, has been appointed to the Export-Import Bank of the United States (US EXIM) committee on Sub-Saharan Africa for 2020/2021.
This is contained in a statement on UBA’s website, as seen by Nairametrics.
Established by the US congress, the Sub-Saharan Africa Advisory Committee provides guidance and advice regarding US EXIM policies and programs, that are designed to support the expansion of financing for US manufactured goods and services in Sub-Saharan Africa.
READ: Here’s why Sub-Saharan Africa is the world’s fastest-growing mobile region
The committee comprises of notable individuals of the US business community, and Yomi- Ajayi is the sole representative of African institution. UBA USA is the only Sub-Saharan African deposit taking institution regulated in the United States, and provides a unique portfolio of banking solutions to corporates, governments, multilaterals, and development organizations transacting with Africa.
It can also assist in trade finance, treasury, foreign exchange, transaction management, and lending, drawing on UBA’s 70-year-old heritage and unique Pan-African network.
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UBA’s Group Chairman, Tony O. Elumelu, stated that the appointment is a recognition of the role UBA has played over decades in promoting, and supporting large and small businesses in all its 20 countries of operations in Africa.
“The appointment of Sola, as a member of the US EXIM Advisory Committee for Sub-Saharan Africa is a welcomed news. UBA’s global network of offices in New York, London, and Paris permits us to be the preferred financial intermediary between Africa and the rest of the world. Our mission at UBA is fully aligned with the objectives of the US EXIM.”
The US EXIM President and Chairman, Kimberly A. Reed, who congratulated Yomi-Ajayi and the other appointees said, “With six of the 10 fastest-growing economies in the world and more than one billion consumers, Africa is poised to play a pivotal role in the global economy.
“Supporting US exports to sub-Saharan Africa is one of our top priorities at EXIM, and my deepest congratulations goes to the new members of the EXIM Sub-Saharan Africa Advisory Committee.”
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Other new appointees into the committee are,
- Daniel Runde, as Chairman of the committee
- C. Derek Campbell, CEO, Energy and Natural Resource Security Inc
- Scott Eisner, Senior VP, African Affairs, U.S. Chamber of Commerce
- Rebecca Enonchong, Founder and CEO, AppsTech
- Lori Helmers, Executive Director/Americas Export Finance Head, JPMorgan Chase Bank
- Florizelle Liser, President and CEO, Corporate Council on Africa
- Mima Nedelcovych, Chairman, Africa Global Schaffer
- EE Okpa, Principal, The OKPA Co
- Marise Duff Stewart, Director, Customer and Industry Relations, Progress Rail – a Caterpillar company
- Paul Sullivan, President, International Business, Acrow Bridge.
Explore the Nairametrics Research Website for Economic and Financial Data
EXIM, is an independent federal agency that promotes and supports American jobs, by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers.
United Bank for Africa Plc, is a leading Pan-African financial institution, offering banking services to more than 21 million customers, with over 1,000 business offices and customer touch points in 20 African countries.
It has presence in the USA, UK, and France. UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance, and ancillary banking services.
Appointments
ROAM Africa Jobs appoints Hilda Kragha as Managing Director
Hilda Kragha has been appointed as new Managing Director of ROAM Africa Jobs.
The Board of Directors of Ringier One Africa Media (ROAM), has announced the appointment of Jobberman Nigeria CEO, Hilda Kabushenga Kragha, as its new Managing Director. ROAM, whose purpose is to connect Africans to opportunities is the parent company of Jobberman.
Hilda, a Strategy and Human Capital expert, who joined Jobberman Nigeria as CEO in June 2019, will now lead ROAM Africa’s jobs brands, including Jobberman (Nigeria and Ghana), and BrighterMonday (Kenya, Tanzania, Uganda). She will also join ROAM’s ExCo Team, making her the fourth woman on the seven-person team.
This was disclosed in a mail sent to Nairametrics by the PR Account Manager, Chanelle Rintari.
Hilda, who takes over from Kwaku Agbesi, the former MD, expressed excitement at her new role within the ROAM family.
The alumnus of IESE Business school used her wealth of experience to strengthen Jobberman’s position, as Nigeria’s largest jobs platform, with over 2.5 million job seekers, and 100,000 employers on their database. With an impressive CV that includes roles at KPMG East Africa, McKinsey Spain and Jobberman Nigeria; one thing is certain, ROAM is in competent hands.
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