Capital Express Assurance Limited appoints Ogwezhi acting MD/CEO

IN a strategic move aimed at steering the ship through a new era, the board of directors of Capital Express Assurance Limited, a leading specialist Life Assurance company, has officially announced the appointments of Mr Mathew Ogwezhi as the Acting Managing Director / CEO and Mr Gbenga Owodunni as Acting Deputy Managing Director/COO.

The appointees are undergoing approval processing by the National Insurance Commission (NAICOM).

Chairman of the board, Otunba Ademola Adenuga, after a recent meeting disclosed these developments, following the exit of the former Managing Director/CEO, Mrs Bola Odukale. This aligns with NAICOM’s released circular on executive tenure limits.

The chairman expressed the board’s gratitude to the former MD/CEO Mrs Odukale, for her dedicated service, leadership and contributions to the company’s legacy and reminded the new appointees of the huge responsibilities before them, which require that they retain and surpass the current achievements.

He stressed that the new leadership must focus on growth and ensure profitability that would take into consideration the interest of all the stakeholders.

Ogwezhi is a seasoned professional with over 20 years’ experience in the insurance industry, expertise in strategic partnership management, deal structuring, contract negotiations, channel development, marketing, and leadership.

His journey at Capital Express Assurance began in 2003, serving in roles such as Personal Assistant to the then Managing Director/CEO, Head of Educational Institutions and Regional Director of South-South/South-East and later, head of marketing, sales and distribution.

Adenuga stated that Mr Ogwezhi’s promotion to the position of acting Managing Director/CEO signifies a momentous juncture for the company, acknowledging his over 20 years contributions to effective strategies and business direction and his invaluable contributions in conjunction with others, which upscaled the company’s business.

Owodunni, the new Acting Deputy Managing Director/COO, was elevated from his prior role as Deputy General Manager overseeing the Lagos division where he was involved in budget planning, market penetration planning, and relationship management.

Mr. Owodunni, who joined Capital Express Assurance in 2004, brings a wealth of experience in technical operations, strategy, product and business development, marketing, and budget planning to the company’s operations. His strategic alignment with Mr. Ogwezhi will form a dynamic leadership duo poised to drive and deliver the company’s strategic objectives going forward.