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Roosevelt Ogbonna is The New Managing Director Of Access Bank

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Roosevelt Ogbonna

Following the appointment of Herbert Wigwe as the Group Managing Director/ Chief Executive Officer, Access Holdings Plc., Roosevelt Ogbonna has now taken over as the new Managing Director of Access Bank Plc.

According to a statement from the bank, Ogbonna, who is presently the Deputy Managing Director of the bank, will assume office on May 2, 2022.

Ogbonna, who became Group Deputy Managing Director in 2017, has over 20 years’ experience in banking, cutting across Treasury, Commercial and Corporate Banking. He joined Access Bank in 2002 as a Manager from Guaranty Trust Bank Plc.

He is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and holds a second-class upper degree in Banking and Finance from the University of Nigeria, Nsukka. He is also a Chartered Financial Analyst and has attended Executive Management Development Programmes in several leading institutions.

According to the bank, Ogbonna represents the Bank on the boards of Access Bank (Zambia) Ltd, Central Securities Clearing System Plc, Africa Finance Corporation and The Access Bank (UK) Limited.

The statement also announced the appointments of Victor Etuokwu and Chizoma Okoli as Deputy Managing Director, Retail North and Deputy Managing Director, Retail South respectively. All three appointments have been approved by the Central Bank of Nigeria (CBN), effective from May 2, 2022.

According to the statement, Etuokwu, who holds a Bachelor of Science degree and a Master’s in Business Administration from the University of Ibadan and the University of Benin respectively was appointed an executive director of the bank in 2012 and his appointment was renewed in 2022 following the expiration of his second term.

Okoli, on the other hand, is a seasoned professional with three decades of banking experience. She obtained a Bachelor’s of Law degree from the University of Benin and a Master’s in Business Administration from Warwick Business School, United Kingdom.

She commenced her professional career in 1992 as an Executive Trainee in the defunct Diamond Bank Plc, where she distinguished herself and rapidly rose through the ranks to become an Executive Director in 2016.

She is also an honorary senior member of the Chartered Institute of Bankers of Nigeria and a member of the Institute of Credit Administration of Nigeria.

Meanwhile, Investors King gathered that Access Bank, on Monday, evolved into a holding company, with its entire 35.5 billion outstanding shares delisted from the daily official list of the Nigerian Exchange and relisted under a new parent company to be known as Access Holdings PLC.

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Appointments

Cadbury Nigeria Appoints Abhiroop Chuckarbutty as Non-Executive Director

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Cadbury Nigeria

The Board of Directors of Cadbury Nigeria PLC has appointed Mr. Abhiroop Chuckarbutty as a Non-Executive Director with effect from Thursday 25th October 2024.

Mrs Afolasade Olowe, Company Secretary announced in a statement obtained by Investors King.

Mr. Abhiroop Chuckarbutty is Business Unit President for Sub Saharan Africa (SSA) and is a member of the Asia Pacific, Middle East and Africa (AMEA) Leadership Team.

In his role, Abhi is responsible for driving the operational strategy and long-term growth of the SSA markets.

He joins Mondelēz International from Lipton Teas & Infusions, where he was President of the Africa, Middle East & Turkey business unit, a business which he was responsible for setting up as a standalone entity from Unilever.

Prior to this role, Abhi had spent more than two decades in Unilever – having started his career at Hindustan Unilever Limited, the Indian arm of Unilever – with roles in sales, media and marketing.

His last role at Unilever was as VP Foods & Refreshments for North Africa Middle East.

With a diverse range of experience in CPG, Mr. Chuckarbutty has strong consumer, customer and execution capabilities in the region.

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Appointments

Stanbic IBTC Appoints Dr. Kunle Adedeji as Acting CEO Ahead of Leadership Transition

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Stanbic IBTC - investorsking.com

The Board of Stanbic IBTC has appointed Dr. Kunle Adedeji as the acting Chief Executive Officer of the financial institution ahead of the end of Dr. Demola Sogunle’s tenure on October 31, 2024.

Adedeji, who brings with him over 25 years in the banking sector, was confirmed on October 2, 2024, in a letter addressed to the Nigerian Exchange (NGX) and signed by the company secretary, Chidi Okezie.

Okezie revealed that Dr. Kunle Adedeji‘s appointment is set to take effect on November 1, 2024.

The statement detailed that Adedeji, who was in 2019 appointed as an Executive Director, is also the current Chief Finance and Value Management Officer of the Company.

Okezie noted that he will continue serving in the position while also serving as Acting Chief Executive of the Company.

The statement reads, “Adedeji, brings a wealth of experience and a strong track record of leadership within our organization.

Dr Adedeji, who was appointed as an Executive Director in 2019 is a seasoned financial expert with over 25 years in the banking sector.

“He holds an MBA in Finance from the University of Lagos and a DBA from the SBS Swiss Business School, Switzerland.

He is also the current Chief Finance and Value Management Officer of the Company and will continue in this capacity throughout the duration of his tenure as Acting Chief Executive of the Company.

The Board is confident that Mr. Adedeji’s leadership would be instrumental in driving the growth strategy of Stanbic IBTC Group.”

Investors King learned that Dr. Adedeji is set to succeed Dr. Demola Sogunle, whose tenure as the firm’s Chief Executive will come to an end on October 31, 2024.

Stanbic IBTC expressed gratitude to the outgoing CEO for his significant contributions during his 35 years of service.

“The Board of Directors expresses its heartfelt gratitude for his unwavering commitment, visionary leadership, and pivotal role in steering Stanbic IBTC through various challenges and milestones,” the statement added.

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David Isiavwe and Chinwe Iloghalu Emerge Executive Directors At NOVA Bank

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NOVA Bank has strengthened its leadership by appointing Mr. David Isiavwe and Mrs. Chinwe Iloghalu as Executive Director, Operations and Information Technology, and Executive Director, Institutional and Commercial Banking, respectively.

David Isiavwe and Chinwe Iloghalu are both experts in the banking sector, and with their wealth of experience, the bank is set to drive its innovation and growth, particularly after its recent transition to a national commercial bank.

Mr. Phillips Oduoza, the bank’s chairman, stated that the addition of Isiavwe and Iloghalu marks a critical point in the bank’s growth.

With these seasoned professionals on board, NOVA aims to become a key player in Nigeria’s banking sector.

Announcing the appointments, Phillips Oduoza noted, “The addition of Dr. Isiavwe and Mrs. Iloghalu marks a pivotal moment in constituting the management team that will lead NOVA into its next phase of growth.

“David’s expertise in technology will be key in enhancing our phygital model, while Chinwe’s strong business drive and relationship management, coupled with the retail and product engine of the bank, will be instrumental in driving the bank’s strategic intent to become a formidable player in the banking industry.”

He added, “Their deep understanding of digital and electronic banking will significantly contribute to our trademarked phygital experience, which seamlessly combines the best of in-person service and bespoke digital solutions to serve our customers.

Both leaders bring valuable experience that aligns perfectly with NOVA’s vision to be Africa’s preferred financial solutions provider.”

Mrs. Iloghalu brings nearly 30 years of experience across sectors like energy, corporate, and digital banking. She holds an MSc in Media and Communications, an MBA, and is a Fellow of the Institute of Credit Administration.

Meanwhile, Mr. Isiavwe, with over 30 years of experience in banking and a PhD in Accounting, will focus on driving NOVA’s digital transformation.

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