By Aduragbemi Omiyale
Stanbic IBTC Holdings has secured regulatory approval to appoint Mr Kunle Adedeji as the acting chief executive.
Mr Adedeji will resume the new office on Friday, November 1, 2024, after the current occupier of the seat, Mr Demola Sogunle, must have retired the previous day.
A statement signed by the company secretary, Chidi Okezie, disclosed that the board picked Mr Adedeji to replace the retiring chief executive because of the confidence members of the board have in his leadership, saying it “would be instrumental in driving the growth strategy of Stanbic IBTC Group.”
The acting CEO brings a wealth of experience and a strong track record of leadership within the organization, having been on the board as an Executive Director since 2019.
He is said to be a seasoned financial expert with over 25 years in the banking sector and holds an MBA in Finance from the University of Lagos and a DBA from the SBS Swiss Business School, Switzerland.
The appointee is also the current Chief Finance and Value Management Officer of the Company and will continue in this capacity throughout his tenure as acting CEO of the firm.
The current leader of the company’s management team, Mr Sogunle, is leaving after almost 35 years of dedicated service.
He has made a significant impact on Stanbic IBTC as a group, guiding the organization through numerous challenges and achievements.
In the statement, the board thanked him for “his unwavering commitment, visionary leadership, and significant contributions to the success of Stanbic IBTC Group over the years.”