First Bank of Nigeria Ltd has appointed Ibukun Awosika as its first female Chairman.
Awosika’s appointment came following the retirement Prince Ajibola Afonja as Chairman of First Bank.
In the same vein, Dr. Adesola Adeduntan, the current Executive Director/CFO emerged Managing Director, upon the retirement of Bisi Onasanya as GMD/CEO of the Bank.
Bello Maccido, pioneer Group CEO, FBN Holdings, is also leaving his position to become pioneer Chairman of the newly-licenced FBN Merchant Bank Ltd, while UK Eke (MFR), replaces him as Group Managing Director-designate, FBN Holdings Plc.
The announcement was made on Monday, by Dr. Oba Otudeko, (CFR), Group Chairman, FBN Holdings.
He said: “Following an exhaustive and competitive process, we are proud to announce these appointments. In reaching these decisions we are mindful of the imperatives for a more efficient group structure that will benefit the Group’s need to deploy systems which deepen efficiency while expanding revenue and returns on investment.
We are confident that we have made the right choices in these appointees. In selecting our MD and DMD we were particularly mindful to identify outstanding and topnotch professionals with complementary and mutually reinforcing skill set.”
“These appointments are a testament to the strength of our succession planning mechanisms and the caliber of candidates it produces. It also re-articulates our commitment to put our customers first with the confidence in the value that this new leadership team brings to bear on behalf of the Group, customers and employees, even as we strive to return greater value to shareholders”
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