Sovereign Trust Insurance Chairman Oluseun Ajayi Retires from Board

It was stated that Mr Ajayi exited the board as director from Thursday, April 10, 2025, and has been wished well in his future endeavours.

In the notice signed by the company secretaries, Equity Union Limited, the board expressed its gratitude to him for his contribution to the growth of the organisation.

Under his leadership, Sovereign Trust Insurance consistently experienced steady and remarkable accomplishments. One of his greatest accomplishment as the pioneer chief executive of the organisation was the successful transition of the company from a Limited Liability underwriting firm to a Publicly Quoted Company in November 2006.

The insurance firm disclosed that it would appoint a new chairman for the company in the coming days.

“Sovereign Trust Insurance wishes to inform the Nigerian Exchange (NGX) Limited, its shareholders and the investing public that Mr Oluseun Ajayi has retired as a director and chairman of the board of directors of Sovereign Trust Insurance with effect from April 10, 2025.

“The board of the company will appoint a new chairman in the coming days and thereafter notify the investing public.

“The board of Sovereign Trust Insurance thanks Mr Oluseun Ajayi for his immense contribution to the company and wishes him well in his future endeavours.

“The exchange and the investing public will be informed of subsequent developments,” the statement said.

Mr Ajayi graduated from the University of Ibadan with a degree in History and Politics. He is an Associate of the Chartered Insurance Institute of London (ACII) and Nigeria (ACIIN).

 He has attended various Management and Leadership Development Programmes at different times in the course of his career including the Management Programme at the London School of Insurance.

Mr Ajayi is also an alumnus of the Lagos Business School having completed the Chief Executive Programme. He has also attended leadership programmes at the IESE Business School of the University of Navarra, Spain, the University of Nottingham Business School and the London Business School.