Wapic Insurance Plc has announced the resignation of Ashish Desai as Managing Director (MD).
This was made known in a notice by the underwriting firm to the Nigerian Stock Exchange.
The resignation took effect from July 28, this year.
According to the firm, the resignation is in line with its succession planning policy its board of directors, intends to conclude the process of recruiting a successor before the end of the year.
The notice read that in the interim, Bode Ojeniyi, the Deputy Managing Director (DMD), whose appointment was approved by the National Insurance Commission on March 23, this year, take over the company until a new helmsman is appointed.
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