ECOBANK Transnational Incorporated (Ecobank), parent company of the Ecobank Group, has notified The Nigerian Stock Exchange (NSE) of the appointment of Ade Ayeyemi as its new Group Chief Executive Officer. His appointment is effective from September 1, 2015.
Ayeyemi will replace Albert Essien, who retires on June 30, 2015 after 25 years of service with the group.
According to the bank, an interim arrangement will be made by the Ecobank Board for the management of the Group during the period July 1 through August 31, 2015 pending the resumption of the new GCEO.
Ayeyemi is a highly experienced banker who has had a long and successful career with Citigroup, where he is currently Chief Executive Officer of Citigroup’s sub-Saharan Africa division, based in Johannesburg.
He is an Accounting graduate of the University of Ife, now Obafemi Awolowo University, Ile-Ife, Nigeria, where he earned a Bachelor of Science degree with First Class Honours.
He also studied at the University of London and is an alumnus of Harvard Business School’s Advanced Management Programme.
A Chartered Accountant, Ayeyemi is also a trained UNIX Administrator and Network Operating Systems Manager.
His many interests include business strategy, economics, process engineering and technology.
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