FBN Holdings Plc, the holding company of First Bank of Nigeria, has appointed Nnamdi Okonkwo as its new group managing director (GMD).
Seyi Kosoko, the company secretary, announced his appointment in a statement on Thursday.
Okonkwo is the former managing director/ chief executive officer (CEO) of Fidelity Bank of Nigeria Plc.
His appointment followed the voluntary retirement of U.K. Eke, who has completed his two-term tenure.
Uke, according to the board, tendered his notice of retirement on August 10. “Uke’s retirement takes effect at the end of the current Financial Year on December 31, 2021. Mr. Eke’s retirement follows from a 35 years career in financial services, strategy, auditing, consulting, taxation, process reengineering, and capital market operations,” the statement reads.
“FBNHoldings Board has also announced that Eke will be succeeded by Mr. Nnamdi Okonkwo, a focused and result-oriented top banker, who will assume office as Group Managing Director, FBN Holdings Plc effective January 1, 2022.
According to the statement, Okonkwo has a wealth of experience in transformational leadership, business strategy development and visioning, innovative corporate governance and risk management. He is said to have more than 30 years of banking experience spanning local and international experience.
His appointment is, however, still subject to approval by the Central Bank of Nigeria (CBN). FBN Holdings further announced the renewal of the appointments of Adesola Adeduntan and Gbenga Shobo as the managing director and deputy managing director of First Bank, respectively, for another term.
