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First Bank appoints Adeduntan as MD designate
One of Nigeria’s leading banking institutions, FBN Holdings Plc, Monday evening announced major changes to its leadership team that will take effect January 1 2016. Folake Ani-Mumuney, Global Head, Marketing & Corporate Communications, in a statement, said that Mr. Bello Maccido, pioneer Group CEO, FBN Holdings, is leaving his position to become pioneer Chairman of the newly-licenced FBN Merchant Bank Ltd, while Mr. UK Eke (MFR), currently Executive Director, South, First Bank of Nigeria Ltd replaces him as Group Managing Director-designate, FBN Holdings Plc.
According to Mumuney, “Other changes at FirstBank will see the current Chairman, Prince Ajibola Afonja, retire and Mrs. Ibukun Awosika becomes the Chairman, First Bank of Nigeria Ltd”.
Read also: Oduahgate: First bank compelled to disclose loan details
She said “Following a rigorous selection process driven by the Board and supported by Heidrick & Struggle, the internationally renowned executive search firm, Dr. Adesola Adeduntan, the current Executive Director/CFO emerged Managing Director-designate, First Bank of Nigeria Ltd, while Mr. Gbenga Shobo, the current Executive Director, Lagos & West, emerged Deputy Managing Director-designate. This comes on the heels of the Group’s earlier notice of Mr. Bisi Onasanya’s retirement as GMD/CEO of the Bank. These decisions have been ratified by the Board of Directors, subject to all necessary regulatory approvals and all take effect from January 1, 2016”.
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