AXA Mansard Appoints Kola Adesina Chairman, Names New Board Members

AXA Mansard Insurance Plc has announced the appointment of a new Chairman, Mr. Kola Adesina and some other board members.

This insurer disclosed this in a statement to the Nigeria Exchange Limited (NGX), that was signed by the Company Secretary.

Adesina is a consummate entrepreneur with experience in academia, insurance, finance, energy, trade, and diplomacy. He started his career in the insurance industry, selling insurance to businesses across different sectors in Nigeria.

After working in the insurance industry, he joined Sahara Group where his selling skills and exceptional project and relationship management acumen enhanced the growth of the energy conglomerate. Adesina also served as a member of the Presidential Committee on the Accelerated Expansion of the Electricity Infrastructure in Nigeria, which culminated in the unbundling of PHCN successor companies.

He sits on the Board of Sahara Group Ltd, Ikeja Electric, Egbin Power Plc, First Independent Power Ltd (FIPL) and Port Harcourt Electricity Distribution Company (PHEDC).

He was awarded Member of the Order of the Federal Republic (MFR) by President Muhammadu Buhari and is also a Fellow of the Nigerian Society of Engineers. He is the proposed Chairman, Non-Executive Director of AXA Mansard Insurance plc.

It also confirmed the resignation of the current Chairman of the Board, Mr. Olusola Adeeyo.
This decision to resign was made at the Annual General Meeting of the Company held on July 14, 2022. His resignation became effective from the 16th of February 2023.

The Board at AXA Mansard announced the appointment of a new Chairman and members of the Board, in line with Section 274 of the Companies and Allied Matters Act 2020.
The appointments have been approved by the National Insurance Commission.

Apart from Adesina who is the new Chairman, other appointments announced by the insurer included Mr. Gbola Akinola – Non-Executive Director; Mr. Mariano Caballerro – Non-Executive Director, and Ms. Melina Cotlar – Non-Executive Director.

Akinola is an experienced arbitrator and practising lawyer with considerable experience in corporate and commercial law and a highly skilled advocate with extensive commercial legal advisory experience. He was called to the Nigerian Bar in 1987 and admitted to practice as a solicitor and barrister of the Supreme Court of Nigeria. He is an experienced arbitrator and practising lawyer with considerable experience in corporate and commercial law and a highly skilled advocate with extensive commercial legal advisory experience.

Caballero, has over two decades of experience with a background in strategy and finance in the insurance industry. He is currently the Strategic Development Officer for AXA Africa. Before this, he worked with Ernst & Young and Mazars providing assurance and advisory services for the life insurance industry in Spain and the UK.

Cotlar has over two decades of experience with a background in actuarial and risk management. She is currently the Chief Risk Officer at AXA Madrid International Hub.

Before this, she worked with PwC managing the actuarial and risk management team. She is being proposed for election as a Non-Executive Director of AXA Mansard Insurance plc

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