Law Union & Rock Insurance Plc has notified the Nigerian Stock Exchange that at its Board of Directors’ meeting held on Thursday, 24th July 2014 Emmanuel Ajibola Olayinka and Mr. Folarin Ademola were appointed Directors of the Company effective July 24th 2014.
According to a statement, Mr. Emmanuel Ajibola Olayinka was also nominated into the Investment Committee and Strategy and Transformation Committee of the Board.
Olayinka was the Commercial Director for Globacom operations in Nigeria, Benin and Ghana. Prior to this, he was the Managing Director/Chief Executive Officer of DN Meyer Plc from (1st March, 2004 – May 20, 2010).
He held the position of Executive Director at the Corporate Headquarters of Honeywell Group and later became the MD/CEO of Skyview Estate Limited. Mr. Ajibola has also held operational and leadership positions in numerous reputable organizations such Lagos State Ministry of Finance, Treasury Division; KPMG Peat Marwick Ani Ogunde & Co as Senior Auditor; Arthur Andersen as Senior Consultant; Ecobank Nigeria Plc as Head of Control; Cash Link Finance and Investment Plc as Senior Manager; Esso Exploration and Production Nigeria Limited (now Exxon Mobil) as the pioneer Company Accountant in Nigeria and Khalil and Dibbo Transport Limited as a turnaround executive.
His formal education took him through Wesley College Ibadan and University of IIorin in Nigeria (BSc Accounting). He also attended extended extensive trainings and development courses in Nigeria, United Kingdom, United States of America, Holland, Spain, South Africa among others.
He is a Fellow of the Institute of Chartered Accountants of Nigeria, a member of Chartered Institute of Taxation of Nigeria and a Council Member, Manufacturers Association of Nigeria (MAN). He was the Chief Finance Officer involved in rolling out new business model for The Candel Company Limited, an agricultural company, prior to this appointment.
As for Mr Folarin Ademola Familusi, he holds a BSc in Computer Science majoring in Information Systems from the American International University in London, Surrey (1993) before obtaining a BBA Degree in Business Administration in 1994 from the same University. He went ahead to acquire a Masters Degree in Business Studies (MBS) in 1998 from the University of Kent at Canterbury and also has Masters (MSc) in Business Administration from the same University (2004).
Folarin started his professional career as a Corps member with Swede Control InterTek Ltd as an Administrative Officer (2002 - 2003). He joined InterTek Testing Services, Headquarter in London as a Manager Mergers and Acquisition (2003 - 2004). Between August 2004 and January 2005, he was the Regional Chief Accountant of InterTek Group Plc, LEADTHERHEAD, UK.
He relocated to Nigeria in 2005 and join Excel Travels Limited, Lagos, as a Management Consultant and from October 2005 – December 2006, he was the Verification Officer with Union Registrars Ltd, Lagos. From January 2006 – December 2007, he was Special Assistant (Funds & Portfolio) to the MD/CEO Wise Health Services Ltd, Abuja.
He also worked with Digital Toll Company Ltd as Principal Manager (2009) and in Swanlux Global Investments Ltd – General Manager Business Development – 2010. Folarin is a Member of the famous Ikoyi Club of 1938 and was the Executive Director, Operations in Swede Control InterTek Ltd before this appointment.
Source: WorldStage Newsonline
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