Tony Elumelu Changes Name of One of His Companies, Makes New Appointments
- Heirs Holdings has made new appointments to two of its subsidiaries at top management levels
- With a corporate name change, Heirs Insurance Limited will now be referred to as Heirs General Insurance Limited
- Wole Fayemi is to assume the position of Managing Director and Chief Executive Officer of Heirs General Insurance
- Tosin Bayo-Yusuf has been promoted to the position of Executive Director and Chief Operating Officer of Heirs Life Assurance
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Tony Elumelu's Heirs Holdings has made new appointments to two subsidiaries, Heirs Insurance Limited and Heirs Life Assurance.
The company, in a statement, announced the appointment of two individuals to senior leadership positions and unveiled an official name change from Heirs Insurance Limited to Heirs General Insurance Limited.
Source: Facebook
According to the company, Wole Fayemi will assume the position of Managing Director and Chief Executive Officer of Heirs General Insurance immediately from Tuesday, May 2, 2022.
Another appointment is that of Tosin Bayo-Yusuf, who has been promoted to Executive Director and Chief Operating Officer of Heirs Life Assurance as approved by the Board of Directors.
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Bayo-Yusuf's appointment comes on the backdrop of the departure of the former Executive Director, Wasiu Amao, who retired after many years of service.
Meet Wole Fayemi and Tosin Bayo-Yusuf
Wole Fayemi has worked in Nigeria's insurance sector for over two decades. Before moving to Heirs General Insurance, Fayemi worked at Old Mutual General Insurance, where he functioned as the Executive Director, Technical.
Tosin Bayo-Yusuf has operated in Nigeria's insurance industry for 17 years. Since joining Heirs Life Assurance in 2021, Bayo-Yusuf has held key positions, including Head, Individual Life Operations and Head of Bancassurance, championing the bancassurance partnership with United Bank for Africa (UBA).
Tony Elumelu shares his journey to becoming a bank owner
In related news, Legit.ng reported that Tony Elumelu shared his successful journey from how he got his first banking job and how he rose to become one of Nigeria's most successful and influential men.
The billionaire businessman revealed in a Facebook post that even though he knew he did not meet the requirements for a banking job, he applied anyway after attaining his Master's degree.
Elumelu stated that he had always admired the banking profession from afar. It was always a pleasure for him to watch the practitioners of the profession as they were always impeccably dressed.
As fate would have it, he got the job regardless of his 2.2 grade, which was lower than the 2.1 grade required by the advertisers. He, however, spent every day trying to prove himself to the company.
Source: Legit.ng
