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| Fajemirokun |
Chuks Udo Okonta
AIICO Insurance Plc has appointed Babatunde Fajemirokun as an executive director.
A statement by the Head - Brand and Corporate Communications, Elizabeth Agugoh, said prior to his appointment, he was Chief Operating Officer (COO) of the company.
She noted that Fajemirokun is now responsible for the firm's operations, the group function that plans, coordinates and control the resource needed to produce the company's products and serve her clients.
He is equally responsible for helping the firm and its business units to understand the competition plans for long-term growth and shareholders value creation.
Fajemirokun service with the the firm, according to her, dates back to May, 2009 when he joined as the Chief Information Officer (CIO). During this period, he executed valued-enhancing projects, first by leading the transformation programme to automate and modernise operations and secondly to increase productivity in the selling of insurance products and services.
He has served in several roles and overseen principal and operational functions during this time, giving him deep understanding of the levers to improve and sustain profitability.
Prior to Joining AIICO, he worked in Accenture (Lagos) and then Cagemini a Consulting (UK). In both companies, he provided consulting/advisory services to financial services and government clients predominantly in mergers and acquisitions and then UK government transformation programmes.
He earned MBA with a concentration in finance from University of Chicago Booth School of Business, Business Information a Strategy Master's degree with distinction from University of Strathclyde and Bachelor's degree in Business Economics from Glasgow UK.
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