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Appointments

Meet Sunday Thomas, new NAICOM CEO

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NAICOM

President Muhammadu Buhari has approved the appointment of Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM).

This was disclosed by the Personal Assistant on Media to President Buhari via his Twitter handle on Sunday afternoon.

Thomas, who replaced the immediate past acting-commissioner for Insurance Mohammed Kari, has over 30 experience in the industry as an operator and regulator.

READ MORE: FG to disburse N97.3 billion to tech innovators, agric enterprises

He was appointed Deputy Commissioner in charge of technical matters by Buhari in April 2017.

The new NAICOM boss was formerly Director-General of the Nigerian Insurers Association in 2010.

The President also approved the appointments of two board members for Nigeria Deposit Insurance Corporation.

They are Mrs. Ya’ana Talib Yaro who was appointed as the Non-Executive Director representing the North East, and Mrs. Diana Okonta as Non-Executive Director, to fill the slot for the South-South.

READ MORE: Why Senate accelerated approval for President Buhari’s N850 billion loan request

Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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Appointments

AVCA appoints Kofo Sanusi as new COO

The Board of Directors of the African Private Equity and Venture Capital Association has appointed Kofo Sanusi as its Chief Operating Officer.

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The Board of Directors of the African Private Equity and Venture Capital Association (AVCA) has appointed Kofo Sanusi as its Chief Operating Officer (COO).

Kofo joins AVCA from Founders Factory Africa (FFA), a venture development company investing in start-ups in sub-Saharan Africa.

As Chief Operating Officer and Accelerator Director, she was responsible for overseeing the company’s financial and operational activities, leading investments, and supporting early-stage start-ups to scale across Africa.

Abi Mustapha-Maduakor, AVCA’s CEO, said: “Kofo is the right person to support the Association as we implement the strategic vision and continue to deliver value for our members. She brings an exceptional track record of providing strategic, operational, and financial management for various businesses across Africa.

Her in-depth knowledge and experience in the early-stage ecosystem in Africa will be an asset as we look to broaden the Association’s reach across the private investment industry in Africa.”

Prior to joining FFA, Kofo was Chief Operating Officer at SPRING Accelerator, a 5-year programme that supported over 75 growth-oriented businesses across East Africa and South Asia.

Speaking of her appointment, Kofo said: “Having spent many years supporting African businesses to grow and scale their operations, it is a privilege to continue serving the continent through my role as Chief Operating Officer at AVCA.

There is no better time than now to invest in Africa, and I look forward to working with the AVCA Board, supporting the CEO, and leading the great team of people working hard to deliver on our strategic vision.”

Kofo brings over a decade of experience in strategic business and operational planning and financial management. She has worked across Africa, the Middle East and Asia, supporting businesses across a broad range of sectors.

What you need to know

The African Private Equity and Venture Capital Association is the pan-African industry body that promotes and enables private investment in Africa.

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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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