AIICO Insurance Board has announced the appointment of Babatunde Fajemirokun as Executive Director of the company. Fajemirokun was until his recent appointment, the Chief Operating Officer (COO) of the company. By his current position, he is now responsible for AIICO's operations; the group function that plans, coordinates, and controls the resources needed to produce the company's products and serve her clients.

He is equally responsible for helping AIICO and its business units to understand the competitive landscape and the markets they operate while developing and implementing sustainable plans for long-term growth and shareholder value creation.