Tuesday, October 30, 2018 / 04:50 PM / NSE
Law Union and Rock Insurance PLC wishes to notify the Nigerian Stock Exchange and the investing public of the appointment of Mr Ademayowa Adeduro, as the Company's Managing Director/Chief Executive Officer Designate, subject to the National Insurance Commission's approval.
The appointment was approved at the meeting of the Company's Board directors held on October 24, 2018. This is sequel to the expiration of the contract of appointment of its MD/CEO, Mr Akinjide Orimolade on October 20, 2018, having led the Company's management successfully for four years.
Mr Adeduro is a core insurance practitioner with a Bachelor's degree in Insurance from the University of Lagos and Master's degree in Marketing from the Obafemi Awolowo University, Ile Ife, Osun State. A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Mr Adeduro is also an Associate Member of the Chartered Insurance Institute of Nigeria (CHM and the Nigerian Institute of Management (JIM).
With experience spanning over two decades in the financial industry of Nigeria, the MD Designate possesses core competencies in areas such as clients/ relationship management, Non-life re/insurance underwriting, marketing, product innovation and development, risk and claims management, leadership, motivation and mentoring, regulatory compliance, accounting and cost control, turnaround and change management, project.
His appointment, after due regulatory approval, is expected to consolidate significantly on the successes recorded, by the Company in the past half a decade.
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