• Sunday, February 25, 2024
businessday logo

BusinessDay

Veritas Kapital appoints Adaobi Nwakuche as MD

Veritas Kapital’s after-tax profit triples in 2023

Adaobi Nwakuche, immediate past and pioneer managing director/CEO of Heirs Insurance Limited, has been appointed as the MD/CEO of Veritas Kapital Assurance Plc (the company).

According to a statement by Saratu Garba, the company’s secretary/legal adviser, the appointment of Adaobi is pending final approval from the National Insurance Commission.

“This is to notify the Nigerian Exchange Limited, esteemed shareholders, stakeholders, and the general public of the appointment of Adaobi as MD and CEO of Veritas Kapital, the company following the exit of Kenneth Egbaran as MD upon the expiration of his contract of service with the company,” the statement said.

It said the new MD is a seasoned insurance professional, who brings to the fore, over 25 years of distinguished and hands-on service encompassing; but not limited to, execution and management of strategic partnerships and alliances; deal structuring and contract negotiations; channel development and marketing; and team development and leadership.

“All acquired across several leading national organisations. Before joining Veritas Kapital; Adaobi was the immediate past, and pioneer MD/CEO of Heirs Insurance Limited, wherein she orchestrated the strategic direction of the company,” it added.

Read also: Veritas Kapital braces for profit amid tough business environment

The company noted her over two-decade career includes experience garnered as executive director at Heirs Holdings Group; director (Commercial division), at Equity Assurances, as well as other high-level positions at STACO and Standard Alliance Insurance Company Limited.

“A seasoned business executive with an enviable track record of achieving exceptional results, Adaobi earned her first degree in Government and Public Administration from Abia State University. She furthered her education by earning an MBA in Business Administration from ESUT Business School.”

Adaobi is an Alumnus of Harvard Kennedy School and Lagos Business School. She has attended various national and international executive-level training programs and seminars.