The Managing Director/Chief Executive Officer of Sovereign Trust Insurance (STI) Plc, Mr. Wale Onaolapo has resigned after 21 years of working at the company.
Mr. Onaolapo joined the company from inception in 1994 as an assistant general manager, technical, and rose through the ranks.
He was appointed to the board of the company in 2004 when he became an executive director and later rose to the position of the managing director in 2008. In 2009, he became the MD/CEO when the pioneering Managing Director/CEO, Mr. Oluseun Ajayi became the Executive Vice Chairman of the organization.
Meanwhile, a statement from the STI has described Wale Onaolapo’s contributions to the development of the insurance company as very phenomenal. The assertion, said to have been made by watchers of the industry, commended him for being part of the management team that took the company’s shareholders’ fund to great heights.