……Names Abdullahi Ibrahim DMD
First Bank of Nigeria Ltd, has announced the appointment of as the new Managing Director/Chief Executive Officer designate of the bank.
Mr. Gbenga Shobo is currently the deputy Managing Director (DMD) of the bank.
Chairman of the bank, Mrs. Ibukun Awosika, said this in a statement made available in Lagos, Wednesday said the appointment was subject to all regulatory approvals.
According to her, Shobo succeeds Dr Sola Adeduntan, who would be leaving the bank in accordance with its term limit for chief executives, after successfully leading the institution for five years.
She said, “These decisions will take effect from today, April 28, 2021. We are proud to announce Gbenga Shobo as our new Managing Director/Chief Executive Officer.
“His appointment has proven the resilience of our succession planning mechanisms and the value we place on our long-standing corporate governance practices, which underpin the institution’s enduring sustainability and 127-year legacy.
“Shobo has had a successful career in the bank and elsewhere, culminating in his appointment as the deputy managing director, in 2016 prior to his appointment as DMD,” she said.
Speaking further, she noted that “The board is confident that Shobo has the experience and the understanding of the bank and the know-how to lead the bank through this next phase of growth, which is focused on positioning FirstBank as the preeminent bank in our chosen market, delivering value to our stakeholders.
Awosika said the bank also appointed Mr. Abdullahi Ibrahim as DMD.
“I would like to thank Sola for his dedication and efforts during his helm at the Bank, and before as CFO. The board and I are grateful for his leadership of the bank over the last five and half years and believe that the strong foundations created during his term will provide an excellent basis for our continued success. We wish him well in his future endeavors outside the FirstBank Group,” she said.
She said, Mr. Ini Ebong, Mr Segun Alebiosu, Mr Seyi Oyefeso and Mrs. Bashirat Odunewu were also appointed as executive directors, adding that these decisions were subject to all regulatory approvals.
