STI Plc elevates two staff to position of Executive Directors


Foremost underwriting Firm, Sovereign Trust Insurance Plc has announced the elevation of two of its erstwhile General Managers to the position of Executive Directors respectively.

The duo who by their recent elevation will automatically become Board Members of the company are Mr. Olaotan Soyinka and Mrs. Ugochi Odemelam. Soyinka before now was the General Manager/Divisional Head, Technical while Ugochi took charge of Marketing/Business Development for the organization in the capacity of 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, 2015.

Briefing newsmen, the Chief Spokesperson of the organization, Segun Bankole told the gathering that the Board and Management of the company have so much confidence in the two newly elevated Directors and it is expected that they will bring to bear their consummate wealth of experience in galvanizing the organization to the next level of its growth stage. Members of Management and Staff have been enjoined to give all the needed support to the new Directors in achieving the overall objective of the company as a leading Brand in the Insurance Industry and a profitable one at that.

The Managing Director/CEO of Sovereign Trust Insurance Plc, Wale Onaolapo, in his congratulatory message to the two Directors emphasized Management’s commitment to succession plan in the organization and also stressed that “the elevation is expected to further strengthen the Board and empower Top Management Team of the company in ensuring that the medium and long term strategic goals of the company are accomplished”. He equally thanked both of them for their immense contributions to the development and growth of the company in time past and charged them to do more than ever before as the organization forges ahead in the years to come.

Mr. Olaotan Soyinka is an erudite and well-grounded Underwriter with over 20 years cognate experience. He is an Associate of the Chartered Insurance Institute of Nigeria. He is a Graduate of Insurance from University of Lagos and also holds a Masters of Science degree in Marketing from the same university. He joined Sovereign Trust Insurance Plc in March 1998. Soyinka is an alumnus of the Lagos Business School having successfully completed the Senior Management Programme of the Institution.

Ugochi Odemelam on the other hand, 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).

She is an Alumnus of the Lagos Business School having successfully completed the Senior Management Programme (SMP), and the Advanced Management Programme (AMP), of the Institution respectively. She has also attended series of management and development programmes both at local and international levels. She is an Alumnus of the Kellogg School of Management, Chicago, USA.

She joined Sovereign Trust Insurance Plc in 1995. Her cognate 20 years working experience in Sovereign Trust cut across the three main Divisions of Finance and Administration, Technical and Marketing.


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