Capital Express Assurance Appoints New Executives
In a strategic move aimed at steering the ship through a new era, the Board of Directors of Capital Express Assurance Limited, a leading Specialist Life Assurance company, has officially announced the appointments of Mr. Mathew Ogwezhi as the Acting Managing Director / CEO, and Mr. Gbenga Owodunni as Acting Deputy Managing Director/COO. The appointees are undergoing approval processing by the National Insurance Commission (NAICOM).
The Chairman of the Board, Otunba Ademola Adenuga, after a recent Board meeting disclosed these developments following the exit of the former
Managing Director / CEO, Mrs. Bola Odukale. This aligns with NAICOM’s released circular on executive tenure limits.
The Chairman expressed the Board’s gratitude to the former MD/ CEO Mrs. Bola Odukale, for her dedicated service, leadership, and contributions to the company’s enduring legacy and reminded the new appointees of the huge responsibilities before them which require that they retain and surpass the current achievements.
He stressed that the new leadership must focus on growth and ensure profitability that would take into consideration the interest of all the stakeholders.
Mr. Ogwezhi is a seasoned professional with over twenty years’ experience in the insurance industry, with expertise in strategic partnership management, deal structuring, contract negotiations, channel development, marketing, and leadership. His journey at Capital Express Assurance began in 2003, serving in roles such as Personal Assistant to the then Managing Director/CEO, Head of Educational Institutions, and Regional Director of South-south/ South-east and later, head of marketing, sales and distribution.
OtunbaAdemola stated that Mr. Ogwezhi’s ascent to the position of acting Managing Director/CEO signifies a momentous juncture for the company, acknowledging his over 20 years contributions to effective strategies and business direction. His invaluable contributions in conjunction with others has tremendously upscaled the company’s business.