Mr. Ashish Desai Resigns as Managing Director of Wapic Insurance Plc

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Tuesday 04 August, 2015 12.15PM/NSE


Wapic Insurance Plc has notified of the resignation of the Managing Director, Mr. Ashish Desai with effect from 28 July 2015.


The Company states that in line with its succession planning policy its Board of Directors, intends to conclude the process of recruiting a successor before the end of the year.


In the interim, Mr. Bode Ojeniyi, the Deputy Managing Director, whose appointment was approved by the National Insurance Commission on 23 March 2015 shall assume responsibility for the Company until such time as the process of selection for the Chief Executive Officer is concluded.

 

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