FirstBank appoints Gbenga Shobo as MD/CEO as Adeduntan retires
Mr Shobo, who until now was the lender’s deputy managing director, will take over leadership from Adesola Adeduntan.
Gbenga Shobo as its managing director/chief executive officer effective from April 28.
Mr Shobo, who until now was the lender’s deputy managing director, will take over leadership from Adesola Adeduntan, who will be retiring in accordance with the bank’s term limits for chief executives, having headed it since 2016.
“His appointment has proven the resilience of our succession planning mechanisms and the value we place on our long-standing corporate governance practices, which underpin the institution’s enduring sustainability and 127-year legacy,” Ibukun Awosika, chair of the bank’s board of directors, said Wednesday in a statement reported by The Cable.
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The Board of Directors of First Bank of Nigeria Limited has approved the appointment of Mr. Gbenga Shobo as its Managing Director/Chief Executive Officer (CEO), effective Wednesday, April 28, 2021.
Until the appointment, Shobo was the bank’s Deputy Managing Director. Shobo succeeds 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, while Mr. Ini Ebong, Mr. Segun Alebiosu, Mr. Seyi Oyefeso, and Mrs. Bashirat Odunewu, were also appointed as Executive Directors.
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The Board of Directors of First Bank of Nigeria Limited has approved the appointment of Mr Gbenga Shobo as its Managing Director/Chief Executive Officer (CEO), effective Wednesday.
This appointment, according to a statement from the lender, is subject to regulatory approval.
Until the appointment, Shobo was the bank’s Deputy Managing Director. Shobo succeeds 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.
Also appointed was Abdullahi Ibrahim as Deputy Managing Director, while Mr Ini Ebong, Mr Segun Alebiosu, Mr Seyi Oyefeso and Mrs Bashirat Odunewu, were also appointed as Executive Directors.
First Bank of Nigeria Ltd., has announced the appointment of Mr Gbenga Shobo, currently the deputy Managing Director (DMD), as the Managing Director or Chief Executive Officer designate of the bank.
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