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Stanbic IBTC Strengthens Leadership Teams with New Board Appointments

Stanbic IBTC Holdings PLC appoints accomplished professionals to strengthen leadership teams and drive growth in Nigeria’s financial services sector.

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In a move to bolster its leadership teams and drive continued growth and innovation in the financial services sector, Stanbic IBTC Holdings PLC, a member of the Standard Bank Group and Nigeria’s leading end-to-end financial services provider, has announced several board appointments across the group.

Mrs. Ndidi Nwunel

One of the notable appointments is Mrs. Ndidi Nwuneli, who has joined Stanbic IBTC Holdings PLC as an Independent Non-Executive Director. Nwuneli, a highly accomplished businesswoman and social entrepreneur, brings extensive experience and a deep understanding of business development and sustainability. Her addition to the board will undoubtedly contribute valuable insights.

Mr. Yinka Sanni

Mr. Yinka Sanni has also joined the Holding Company’s board as a Non-Executive Director. Sanni’s wealth of experience in the financial services industry and his proven track record of leadership will play a crucial role in shaping Stanbic IBTC’s growth trajectory. Additionally, he will serve as a Non-Executive Director of Stanbic IBTC Bank.

Mrs. Funeka Montjane

Mrs. Funeka Montjane, appointed as a Non-Executive Director of Stanbic IBTC Bank PLC, brings a rich expertise in banking and financial services across Africa and beyond. Her appointment will be instrumental in achieving the bank’s strategic objectives and ensuring its continued success.

Mr. Efe Omoduemuke

Stanbic IBTC Asset Management welcomed Mr. Efe Omoduemuke to its board as an Executive Director. With broad knowledge in investment management and risk management, Omoduemuke will play a pivotal role in driving the next phase of growth and development for the asset management business.

Mrs. Joyce Dimpka

Mrs. Joyce Dimpka, with her vast background in the financial services industry at senior management and board levels, was appointed as a Non-Executive Director of Stanbic IBTC Insurance Brokers. Her valuable insights and guidance will prove invaluable to the company’s operations.

Mrs. Temitope Popoola

Similarly, Mrs. Temitope Popoola, recent appointment as an Executive Director of Stanbic IBTC Insurance Brokers Limited, brings a wealth of experience in Finance, Operations, Customer Service, Internal Audit, and Human Capital. Her expertise will be instrumental in delivering excellent service and innovative insurance solutions to clients.

Mr. Oladele Sotubo

Mr. Oladele Sotubo, an expert in capital markets, has been appointed as an Executive Director on the Board of Stanbic IBTC Capital Limited. His valuable insights will contribute to the growth and success of Stanbic IBTC Capital Limited.

Mrs. Titi Ogungbesan

Furthermore, Mrs. Titi Ogungbesan has been appointed as the Chief Executive of Stanbic IBTC Ventures. With her demonstrated leadership skills and deep understanding of the Nigerian business landscape, Ogungbesan will lead the company in identifying and maximizing investment opportunities, driving growth, and expanding the company’s portfolio.

Commenting on the appointments, Dr. Demola Sogunle, the Chief Executive of Stanbic IBTC Holdings, said: “These appointments represent a significant milestone in the flight plan of Stanbic IBTC as we continue to position ourselves as a leader in the Nigerian financial services industry. The newly appointed directors bring a wealth of multi-dimensional experience, diverse perspectives, and a deep commitment to driving excellence and innovation.”

“We are delighted to welcome these esteemed professionals to our Board of Directors. As we navigate the evolving financial landscape and continue to deliver exceptional value to our shareholders, clients, and communities, we recognise that people are the driving force behind any company’s growth. Hence, we prioritise people over profits at Stanbic IBTC,” Demola said.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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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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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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Appointments

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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