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Appointments

AXA Mansard announces Executive Director’s resignation, proposes replacement

Tosin Runsewe, an Executive Director of AXA Mansard Insurance Plc has resigned from the company’s board effective from from January 31, 2020.

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AXA Mansard Insurance Plc

Tosin Runsewe, an Executive Director of AXA Mansard Insurance Plc, has resigned from the company’s board. His resignation takes effect from January 31, 2020.

The Details: This was announced in a notification issued by the firm to the Nigerian Stock Exchange (NSE), and the investing public, signed by Omowunmi Adewusi, the Company’s Secretary. According to the statement, Runsewe’s resignation has been approved by the Board.

AXA Mansard proposes replacement as it announces director's resignation 

The Board also proposed the appointment of two new Executive Directors. They are Rashidat Adebisi and Tope Adeniyi who are awaiting the approval of the National Insurance Commission (NAICOM).

Chairman, Board of Axa Mansard, Olusola Adeeyo, expressed his appreciation to Runsewe for his leadership and overall contribution to the Company’s growth during his tenure. He also welcomed Adebisi and Adeniyi on board.

Adebisi’s profile: She is a graduate of Business Accounting, Associate Member of the Association of Chartered Accountants of Nigeria (ACA) as well as Associate of Chartered Insurance Institute, London. She has experience in different areas of the financial services industry ranging from Customer Service, Financial Advisory, Accounting to Audit Services with over 19 years of work experience.

Adebisi is currently the Head of Distribution in charge of the delivery of the company’s retail strategy. Prior to this, she was CFO for 6 years, strengthening finance, HR and procurement. In addition, she is well respected in the insurance industry being the past Chairperson of the Accounting Technical Committee of the Nigerian Insurers Association. She joined AXA Mansard in 2005.

[READ MORE: Michel Puchercos has resigned from Lafarge Africa)

Tope Adeniyi’s profile: Tope Adeniyi is a graduate of Computer Science and an Associate Member of Chartered Insurance Institute, London. Adeniyi’s career spans over 19 years from the information management sector, manufacturing to financial services.

He currently heads the Health insurance business, which is the market leader in revenues and profitability. Prior to this, Adeniyi was responsible for AXA Mansard’s Operations and Technology where he was instrumental in the set-up of the enterprise architecture as well as the vast processing capabilities built for the retail business. He joined AXA Mansard in 2008.

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.’’

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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 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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