Ibukun Awosika appointed Chairman of First Bank of Nigeria. Urum Kalu "UK" Eke appointed Group MD of parent company FBN Holdings

First Bank of Nigeria’s head office, Lagos, Nigeria

FBN Holdings Plc recently announced major changes to its leadership team, effective January 1 2016.

Bello Maccido, pioneer Group CEO, FBN Holdings, is leaving his position to become pioneer Chairman of the newly-licensed FBN Merchant Bank Ltd, while Urum Kalu “UK” Eke, currently Executive Director, South, First Bank of Nigeria Ltd, replaces Maccido as Group Managing Director-designate, FBN Holdings Plc.

Other changes at First Bank will see the current Chairman, Ajibola Afonja, retire and Ibukun Awosika become the Chairman, First Bank of Nigeria Ltd.

Following a rigorous selection process driven by the board of FBN Holdings and supported by executive search firm Heidrick & Struggles, Adesola Adeduntan, current Executive Director and CFO, has been appointed Managing Director-designate, First Bank of Nigeria Ltd. Additionally, Gbenga Shobo, the current Executive Director, Lagos & West, has been appointed Deputy Managing Director-designate, First Bank of Nigeria Ltd.

These management changes come on the heels of the Group’s earlier notice of Bisi Onasanya’s retirement as Group Managing Director and CEO of First Bank of Nigeria Ltd. These decisions have been ratified by the Board of Directors, subject to all necessary regulatory approvals and all take effect from January 1, 2016.

In announcing the recent appointments, Oba Otudeko, Group Chairman, FBN Holdings, explained: “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 top-notch professionals with complementary and mutually reinforcing skill set[s].”

“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,” he said.

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