By Aduragbemi Omiyale
Stanbic IBTC Holdings Plc has appointed its former chief executive, Mrs Sola David-Borha, as its new chairman of the board of directors.
Mrs David-Borha, a pastor with the Redeemed Christian Church of God (RCCG), was the chief executive of the organisation until 2017 when she stepped down for other roles.
Before then, the daughter of a diplomat father born in Ghana led the management team of the banking subsidiary of the financial services provider, Stanbic IBTC Bank Limited from May 2011 to November 2012.
She is taking over as the chairman of Stanbic IBTC Holdings from Mr Basil Omiyi, who retired from the position on May 16, 2024, according to a statement from the firm.
In the statement signed by the company secretary, Chidi Okezie, it was stated that the appointment of Mrs David-Borha took effect from Thursday, September 26, 2024, after “the receipt of all required regulatory approvals.”
The board expressed confidence that her “leadership would be instrumental in driving the growth strategy of Stanbic IBTC Group.”
This is because the appointee has had an extensive career in the financial services industry, spanning over 35 years. Her executive educational experience includes the Advanced Management Program of Harvard Business School and the Global CEO Program of CEIBS, Wharton and IESE.
She is an honorary senior member of the Chartered Institute of Bankers of Nigeria and winner of the CNBC African Woman of the Year Award for 2016.