By Dipo Olowookere LASACO Assurance Plc has announced a new chairman to replace the former occupier of the position, who resigned a few days ago. The company, in a notice to the Nigerian Stock Exchange (NSE) on Thursday, said during a meeting of its board yesterday, it was agreed that Mrs Olateju Phillips should replace Mrs Aderinola Disu. In a notice dated September 30, 2020, LASACO Assurance announced the resignation of Mrs Disu from the board effective September 8, 2020. \u201cWe wish to inform our esteemed shareholders and the general public that our former Chairman, Mrs Aderinola Disu, resigned as a director on the board of Lasaco Assurance Plc. The resignation takes effect from September 8, 2020,\u201d the firm had said in the statement. In the same disclosure, the company announced the appointment of Mrs Phillips and Mr Jamiu Adio Saka as non-executive directors of the organisation after obtaining approval from the National Insurance Commission (NAICOM). Today, the firm said Mrs Phillips will now be its chairman, saying she is expected to bring \u201cher wealth of experience and exposure to the board and company.\u201d \u201cWe wish to inform our esteemed shareholders and the general public that at Lasaco\u2019s board of directors\u2019 meeting held on Wednesday, October 7, 2020, the board approved the appointment of Mrs Maria Olateju Phillips as the new Chairman,\u201d the notice said. Mrs Phillips, a former Commissioner for Commerce in Lagos State, is the first child of the late billionaire business, Mr Deinde Anthonio Fernandez. She is a successful Chartered Accountant who holds an ACCA from England and Wales. She is a former director in Keystone Bank; former Director, Lagos State Lottery Board. She was also the Managing Director of Alma Beach Estate\u00a0 Ltd (a subsidiary of Rims Merchant Bank Ltd); Managing Director, Maridot Ventures Ltd. She is a renowned management\/financial consultant to many companies and was at a time, the Divisional Commercial Manager of Property division of the United African Company (UAC) of Nigeria Plc.