Leadway Assurance Restricted has introduced the appointment of Gboyega Lesi as its appearing Managing Director on January 1, 2024, pending the requisite regulatory approval of the appointment from the Nationwide Insurance coverage Fee (NAICOM).
He’s changing Tunde Hassan-Odukale who stepped down as CEO, as the corporate strikes to stick to NAICOM’s directive concerning the 10-year tenure restrict for Managing Administrators and Government Administrators.
Earlier than his appointment, Gboyega Lesi was the Government Director of commercials at Leadway Assurance.
NAICOM’s tenure-limit directive
On November 22, 2022, NAICOM launched a round mandating the obligatory retirement of Government Administrators and Chief Government Officers of Insurance coverage and Reinsurance Firms after 10 years within the place.
Based on the round, CEOs and different Government Administrators of insurance coverage and reinsurance corporations can serve for a most of 10 years, cut up into two phrases of 5 years every.
Whereas, if an Government Director turns into the CEO of the identical firm, their whole time in each roles can’t exceed 15 years altogether.
Tunde-Hassan Odukale earlier than he retired from Leadway Assurance had spent 31 years on the firm, having joined as an Government Director in 1992, and changing into the CEO in 2020.
What individuals are saying
Talking on the appointment of his successor, Hassan-Odukale famous,
- “I’m assured in Gboyega Lesi’s management, and I consider his experience and expertise within the business in virtually three a long time might be instrumental in steering the corporate in the direction of continued success and development throughout the west African insurance coverage market.”
- “Mr. Lesi, a seasoned skilled with a wealth of expertise, is well-positioned to steer the corporate into its subsequent part of development. His strategic imaginative and prescient and deep understanding of the business make him a great successor to information Leadway Assurance on its trajectory of sustained success,”
Commenting on his appointment, Gboyega Lesi, famous,
- “It’s an honor to imagine management of this esteemed firm throughout such a pivotal time. Our sturdy development over time is attributed to our values, a customer-centric tradition, and an interesting strategy that units us aside.”
- “Taking over the mantle to construct upon this wealthy legacy is a problem I eagerly embrace alongside our devoted skilled staff. Our present standing is a testomony to our stakeholders, brokers, and peerless clients’ belief in our skill to offer handy, tech-driven, and dependable threat administration assist. My willpower to persistently ship excellence stays unwavering. I’m wholeheartedly dedicated to furthering our accomplishments by putting our shoppers on the centre of each side of our operations.”
New Government Director appointed
In step with NAICOM’s regulation, the corporate additionally introduced the appointment of a brand new Government Director, Oluwafunmilayo Amanwa because the Government Director, Technical and Operations.
The appointment follows the exit of the Government Director, Technical Companies, Adetola Adegbayi according to the tenure restrict guidelines.
