Lasaco Assurance Plc has announced the appointment of Mrs. Maria Olateju Phillips as its Chairman, board of directors. The company said the appointment is with immediate effect. Phillips, takes over from Mrs. Aderinola Disu, who stepped down from the board, having completed her term as chairman. She was a Director in Keystone Bank; former Director, Lagos State Lottery Board; Commissioner for Special Duties & Inter-Governmental Relations in Lagos State. Conveying the board's acceptance of Disu's retirement from the board, the Company Secretary, Mrs. Gertrude Olutekunbi appreciated the former chairman for her leadership and innovativeness.