“New SIC Insurance MD Locked Out as Predecessor Refuses to Hand Over”

Hollistar Duah-Yentumi, the former Managing Director of SIC Insurance Company Limited, has refused to hand over to James Agyenim-Boateng, the newly appointed Acting MD.

"New SIC Insurance MD Locked Out as Predecessor Refuses to Hand Over"
“New SIC Insurance MD Locked Out as Predecessor Refuses to Hand Over”

This refusal comes weeks after President John Dramani Mahama appointed Agyenim-Boateng to replace Duah-Yentumi, who was appointed by the previous NPP administration¹.

Duah-Yentumi’s refusal to hand over has been marked by dramatic gestures, including locking up the MD’s office and taking the keys with her. This has prevented Agyenim-Boateng from assuming his new role and has caused shock among the company’s staff².

The situation is all the more unusual given that Duah-Yentumi was herself appointed by a previous administration, and it is customary for outgoing CEOs to facilitate a smooth transition. Instead, Duah-Yentumi has failed to present handing-over notes, further delaying the transition process³.

Staff members have expressed their dismay at Duah-Yentumi’s actions, describing them as “a shame.” One anonymous staff member noted that the delay in the handover is having a negative impact on the company’s operations and urged Duah-Yentumi to hand over to Agyenim-Boateng immediately¹.

"New SIC Insurance MD Locked Out as Predecessor Refuses to Hand Over"
“New SIC Insurance MD Locked Out as Predecessor Refuses to Hand Over”

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