Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, on Monday said that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60.
ETI said the Ayeyemi’s retirement is in accordance with its policy.
The group stated this is in a press release on Monday. The Board of Directors have selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief Executive Officer, according to the press release.
ETI said the relevant effective dates will be communicated in due course.
Reacting to Ayeyemi’s retirement, Alain Nkontchou, Ecobank Group Chairman, said “Ade can be rightly proud of his success in leading the implementation of the Roadmap to Leadership strategy, navigating Ecobank through challenges, seizing opportunities, and positioning Ecobank for sustainable long-term growth. Ade’s deep knowledge, unrivaled vision, commitment and infinite passion made all the difference. It has been a real pleasure working with him. I count on his continuous support to ensure a smooth transition as we onboard Jeremy Awori as the new Group CEO.”
On Awori’s selection as the incoming CEO, Nkontchou said “Jeremy Awori is a highly respected leader in the banking industry with significant achievements in his previous capacities. The Board of Directors strongly believes that his drive and strong focus on results will be vital in steering the Group in its next phase.”
Ade Ayeyemi expressed his deep gratitude for the opportunity to lead the Ecobank Group and stated: “It is a privilege to lead an amazing team of Ecobankers in bringing the Ecobank Group back to growth and continuing to realise our commendable pan-African mandate.” He also expressed his commitment to a smooth transition and onboarding of his successor.
In his reponse to his appointment, the incoming Group CEO, Jeremy Awori, said: “It is a great honour to be appointed Ecobank Group’s Chief Executive Officer. I look forward to consolidating the transformation of Ecobank, a truly pan-African institution full of talented people, while innovating to create value for all Ecobank’s stakeholders. I am humbled by the opportunity to contribute to the continent’s economic development and financial integration with Ecobank Group.”
“Jeremy Awori is joining Ecobank Group following a twenty-five-year long career in the banking industry, with almost a decade leading Absa Bank Kenya Plc as the CEO & Managing Director.
“Before joining Absa, Jeremy held multiple leadership roles at Standard Chartered Bank across the Middle-East and Africa. He brings a wealth of experience, skills, and industry know-how to the Ecobank Group,” the press release read in part.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.