(Business in Cameroon) - The current President of the Financial Markets Commission (FMC) in Cameroon, the regulatory body governing the Douala Stock Exchange (DSX), Théodore Edjangué, has been appointed as Chairman of the Board at Chanas Assurances, one of the leaders in the country’s insurance market.

This information was revealed in a December 17, 2014 release in which the economist called for an ordinary general assembly of shareholders on December 30, 2014 in Douala. At the top of the meeting’s agenda will be approving the report on the company’s accounts for the 2013 period which is reported to have ended with a loss of around 2 billion FCFA.

Théodore Edjangué’s appointment as board chairman at Chanas Assurances, which follows the forced resignation of the all-powerful former CEO then Board Chairman, Jacqueline Cassalegno (she never accepted the appointment of a managing director despite the CIMA’s injunctions) of the insurance giant in Cameroon, should bring some peace to the company that has been plagued with internal squabbles for several months.