Fortis strengthens operation with new appointments
Fortis Global Insurance Plc announces key board appointments, including Dr. Umar Faruk Umar and Ufuoma Ibru, to strengthen operations and corporate governa Read More: https://punchng.com/fortis-strengthens-operation-with-new-appointments/
Fortis Global Insurance Plc has bolstered its board with two new non-executive directors, Dr Umar Faruk Umar and Mr Ufuoma Ibru, following approval by the National Insurance Commission. The company revealed this in a regulatory notification sent to the Nigerian Exchange Limited and the investing public on Thursday. The appointments are part of Fortis' efforts to strengthen its board with experienced professionals who can provide strategic direction and enhance corporate governance.
Board members expressed optimism about the strategic value the new directors bring to the organization's objectives, noting that their wealth of experience will drive growth and expansion. Dr Umar, with over 40 years of professional experience, holds a PhD in educational psychology and has served on boards of companies like Ashaka Cement Plc and CCNN Plc. Mr Ibru, a legal practitioner with extensive experience in hospitality, tourism, and financial services, holds a Bachelor of Law degree from the University of Oxford.
The appointments come as Nigeria's insurance sector undergoes regulatory and structural shifts, with operators needing to meet higher standards of solvency, risk management, and governance.
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