STI Plc promotes workers to Board

Sovereign Trust Insurance Plc has announced the elevation of two of its erstwhile General Managers to the position of Executive Directors.

The duo, who by their recent elevation will automatically become Board Members of the company, are Olaotan Soyinka and Mrs. Ugochi Odemelam.

Soyinka, before the promotion, was the General Manager/Divisional Head, Technical, while Ugochi was in-charge of Marketing/Business Development for the organisation as a General Manager/Divisional Head. The two appointments were recently ratified by the Board of Directors and both have assumed their new roles since September 14.

STI Managing Director, Wale Onaolapo, said management is commited to succession plan in the organisation.

He stressed that the elevation is expected to further strengthen the Board and empowers the company’s top management team in ensuring that the medium and long term strategic goals of the company are accomplished.

Soyinka is an underwriter with over 20 years cognate experience. He is an Associate of the Chartered Insurance Institute of Nigeria. He is also a graduate of Insurance from the University of Lagos. He also holds a Masters of Science degree in Marketing from the same university.

Odemelam graduated from the Federal Polytechnic, Nassarawa. She holds an MBA from ESUT Business School. She is also a member of the Nigerian Institute of Management (NIM), a registered member of the Chartered Insurance Institute of Nigeria (CIIN) and Chartered Insurance Institute of London (CII London).

source: Nation Newspaper