Guinea Insurance Plc has announced the appointment of Isioma Omoshie as its acting Managing Director/Chief Executive Officer and the retirement of the Chairman and four Directors; who had served for over nine years on the Board of the Company.
A statement by the firm’s Team Lead, Corporate Communications, Ufot Hanson, said the Company has positioned itself to go with the current tide of structural and operational changes in the insurance industry and has therefore, moved to ensure sound business practice and effective compliance with all statutory requirements and the code of good corporate governance as stipulated in section 5.04 (vii) of the 2009 Corporate Governance Code of NAICOM.
According to him, Sir Emeka Offor (Chairman) and four Non-Executive Directors namely, Fred Udechukwu, HRH Eze Smart Nze, Prof. E.L.C Nnabuife and Engr. Emeka Agusiobo retired from the Board of the company effective March 23, 2016.
He noted that the Board also approved the appointments of: Anthony Achebe, Alhaji Hassan Dantata, Simon Bolaji, Chief Osita Chidoka, Emeka Uzoukwu, Dr. Mohammed Tahir Attahir as Non-Executive Directors while Alhaji A.O. Kadiri was returned as the Independent Director of the company.
Barrister Godson Ugochukwu was also appointed Chairman of the Company to replace Sir Emeka Offor.
In the same vein, the Board also approved the appointment of Isioma Omoshie, the Company Secretary/Legal Adviser as the acting MD/CEO until the appointment of a substantive MD/CEO is ratified. This is coming on the heels of the recent resignation of the erstwhile MD/CEO, Polycarp Didam, who has moved on to pursue other interests.