In a strategic move aimed at bolstering its leadership team, First Bank of Nigeria Holdings Plc has announced the appointment of two new non-executive directors for the holding company and three for First Bank, signaling a new era for the financial giant.
As revealed by Findwhosabi News, the appointments were disclosed by the company’s Secretary, Adewale Arogundade, who provided insights into the latest developments within the bank to the Nigerian Exchange Group.
Stepping into key roles at FBN Holdings are Olusola Adeeyo and Viswanathan Shankar, both bringing a wealth of experience and expertise to the table. Adeeyo, former Chairman of AXA Mansard Insurance Plc and current Chairman of Astral Waters Limited, joins forces with Shankar, former CEO of Standard Chartered Plc .
Meanwhile, Remilekan Odunlami, Anil Dua, and Fatima Ali have been appointed as non-executive directors for First Bank, amplifying the bank’s leadership prowess. Odunlami, with a background as a director at CitiBank Nigeria Limited and FirstBank, brings a deep understanding of the financial landscape. Dua’s extensive boardroom experience, including roles at Dangote GSP Offshore FZE and Africa Property Development Managers Limited, adds invaluable insight. Ali, founder of Santi Food and Beverage Limited and a board member at Reconnect Health Development Initiative International, enriches First Bank’s leadership with her diverse expertise.
However, these appointments await the stamp of approval from the Central Bank of Nigeria (CBN), underscoring the regulatory scrutiny surrounding such pivotal changes.
These strategic maneuvers follow the appointment of billionaire Femi Otedola as the new Chairman of First Bank of Nigeria Holdings Plc in late January, injecting fresh perspective and dynamism into the institution. Otedola, also Chairman of Geregu Power, boasts a formidable track record in the business arena and was recently ranked by Forbes as the 20th richest African, with a staggering fortune of $1.1 billion. His entry onto the Board of FBN Holdings Plc in August 2023 as a Non-Executive Director marked a pivotal moment in the institution’s trajectory.
With these dynamic additions to its leadership roster, First Bank of Nigeria Holdings Plc is poised to navigate the complexities of the financial landscape with renewed vigor and strategic acumen, setting the stage for a promising future. Stay tuned as Findwhosabi News continues to unravel the latest developments shaping the financial sector.