FBN Holdings Plc has appointed Adebowale Oyedeji as its group managing director (GMD).
The notice of the appointment was contained in a corporate disclosure notice filed to the Nigerian Exchange Group on Friday by the Holdco’s Company Secretary, Mr. Adewale Arogundade
FBN Holdings said the appointment of Oyedeji, managing director (MD) of Nova Commercial Bank is with effect from November 13 and is in line with the NGX Rule Book.
The company said the appointment is subject to the approval of the Central Bank of Nigeria (CBN) and ratification of the shareholders at the annual general meeting (AGM).
FBN Holdings said before his appointment, Oyedeji was the managing director (MD) and chief executive officer (CEO) of Nova Commercial Bank, where he contributed to the institution’s conversion to a commercial bank as well as its foray into retail banking.
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“In accordance with the NGX rulebook, we notify the NGX and the investing public that the company’s Board of Directors has appointed Adebowale Oyedeji as the Holdings’ GMD, effective November 13, 2024,” Arogundade said.
He added that Oyedeji, a seasoned professional, would replace Nnamdi Okonkwo, who would retire after completing his term.
“At FBNHoldings, Wale would lead the executive teams at the HoldCo and the various subsidiaries to Implement its new 5-year Strategic plan,” the company said.
Speaking on the appointment, Femi Otedola, the chairman of FBNHoldings, said the board is pleased to welcome Oyedeji “to the Holdco and looking forward to him building on the solid foundation of 130-year-old franchise and sustaining its undisputed leadership position”.
By: Babajide Okeowo
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