Ade Ayeyemi, the current Group CEO, will step down in accordance with company policy when he turns 60, according to an announcement made by Ecobank Transnational Incorporated, the parent company of the pan-African banking organization Ecobank.
In order to fill the position of the departing executive, the Board of Directors has decided to appoint Jeremy Awori as the successor and new Group CEO.
They have also stated that the pertinent effective dates would be communicated in due course.
The chairman of the Ecobank Group, Alain Nkontchou, praised Ayeyemi for his enormous contributions over the course of his seven years as group CEO.
“Ade can be justly proud of his accomplishment in overseeing the Roadmap to Leadership strategy’s implementation, guiding Ecobank through difficulties, grabbing opportunities, and positioning Ecobank for sustainable long-term growth,” Nkontchou continued.
“Ade’s extensive knowledge, unmatched vision, dedication, and boundless passion were crucial. Working with him has been a true pleasure. I rely on his ongoing assistance to make sure that Jeremy Awori is welcomed as the new Group CEO with minimal disruption.
Nkontchou went on to explain that Awori is a highly regarded leader in the banking sector who has made notable contributions in his prior roles.
The Board of Directors firmly believes that the Group’s next phase will be led by his passion and laser-like focus on results.
Ayeyemi expressed his sincere appreciation for the chance to serve as the Ecobank Group’s leader. He said: “It is an honor to lead an incredible team of Ecobankers in restoring growth to the Ecobank Group and continue to realize our laudable pan-African objective.”
Additionally, he pledged his support for a seamless handoff and onboarding of his successor.
It is a wonderful honor to be named the CEO of Ecobank Group, the new Awori remarked in response to the announcement of his appointment.
“I look forward to completing Ecobank’s transformation into a genuinely pan-African organization filled with outstanding individuals while pursuing innovation to benefit all of Ecobank’s stakeholders. I am honored to have the chance to work with Ecobank Group to promote the financial unification of the continent.
After 25 years in the banking sector, including nearly ten years as CEO & Managing Director of Absa Bank Kenya Plc, Awori is joining Ecobank Group.
Awori had held numerous executive positions at Standard Chartered Bank in the Middle East and Africa before joining Absa. He offers the Ecobank Group a breadth of experience, abilities, and sector knowledge.
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