Fashola Now Managing Director, IGI

Following the death of Mr. Remi Olowude, the company’s founder and Executive Vice Chairman, the Industrial And General Insurance Plc has appointed Mr. Rotimi Fashola as its functional group Managing Director effective immediately. This was contained in a recent statement released by the insurance brand after the decision was taken at a meeting of the board held in Lagos.

The board also named the former Executive Director, Special Risks, Mr. Sina Elusakin, as the Deputy Managing Director, while Mrs. Foluso Gbadamosi was appointed the Executive Director, Human Resource, Administration and Information Communication Technology.

The appointment was guided by proper corporate governance procedures and best practices, aimed at ensuring seamless business continuity, stability and growth in the overall interest of all stakeholders.

“With his over 20 years’ experience and a remarkable track record in the insurance and financial services industry, Fashola has earned a reputation as a truly accomplished and highly respected professional. The board believes that he possesses the core values upon which the IGI was founded and has the capacity to take the company to greater heights,” the statement added.

Prior to his new position, Fashola served as the Deputy Managing Director and later acting managing director when the late Executive Vice Chairman/Chief Executive Officer went on medical leave.

The consummate insurance practitioner is expected to uphold the vision of the company and drive its growth, re-position and transform the erstwhile top brand for continued competitiveness in the industry.