 |
| Gbenga Shobo, New MD/CEO, First Bank. |
The Board of Directors of First Bank of Nigeria Limited has approved the appointment of Mr. Gbenga Shobo as the Managing Director/Chief Executive Officer (CEO) foremost financial institution, effective yesterday, the 28th of April, 2021.
Until his appointment, Shobo was the Deputy Managing Director of the bank and will succeed Mr. Adesola Adeduntan, who will be leaving the financial institution in accordance with its term limits for Chief Executives, after leading the bank since January 2016.
According to a statement, the appointment is subject to regulatory approval.
Also appointed was Abdullahi Ibrahim as Deputy Managing Director, Mr. Ini Ebong, Mr. Segun Alebiosu, Mr. Seyi Oyefeso and Mrs. Bashirat Odunewu, were also appointed as Executive Directors and their appointments are also subject to regulatory approvals.
Commenting on the appointment, the Chairman, First Bank, Mrs. Ibukun Awosika said: “We are proud to announce Gbenga Shobo as our new MD/CEO and his appointment has proven the resilience of our succession planning mechanisms and the value we place on our long-standing corporate governance practices, which underpins the institution’s enduring sustainability and the 127-year legacy.
“I
would like to thank Sola for his dedication and efforts during his helm at the
bank, and before as Chief Finance Officer. The board and I are grateful for his
leadership of the bank over the last five years and a half and believe that the
strong foundation created during his term would provide an excellent basis for
our continued success.
We wish him well in his future endeavours outside the FirstBank Group.”
The statement explained that Shobo has had a successful career in the bank and elsewhere, culminating in his appointment as Deputy Managing Director.
In 2016, prior to his appointment as Deputy Managing Director, he was the Executive Director overseeing the Retail Banking/Public Sector businesses in the Lagos & West Directorate and was hitherto the Executive Director overseeing the Retail Business in the South Directorate.
0 Comments
DISCLAIMER
The views and opinions expressed on this platform as comments were freely made by each person under his or her own volition or responsibility and were neither suggested nor dictated by the owners of Precious Eze's Blog or any of their contracted staff. So we take no liability whatsoever for such comments.
Please take note!