FBN Holdings Plc has infused fresh expertise into its leadership with the appointment of five new directors, coinciding with billionaire Femi Otedola’s assumption of the role of Chairman.
The company’s Secretary, Adewale Arogundade, informed the Nigerian Exchange Group about the appointments, which include Olusola Adeeyo and Viswanathan Shankar as non-executive and independent non-executive directors at the holding company level, respectively.
Additionally, First Bank welcomed Remilekan Odunlami as a non-executive director, with Anil Dua and Fatima Ali joining as independent non-executive directors.
Pending the Central Bank of Nigeria’s approval, these appointments mark a significant reshuffle in the bank’s governance structure.
The appointees bring a wealth of experience from various sectors. Adeeyo, with a background in banking and insurance, now leads Astral Waters Limited.
Shankar, a seasoned investment executive, has helmed Gateway Partners and Standard Chartered Plc.
Odunlami, Dua, and Ali hold positions on the boards of several prominent financial and development institutions.
Otedola, who was appointed to FBN Holdings’ Board as a Non-Executive Director in August 2023, has now taken over as Chairman, succeeding Ahmad Abdullahi.
His business acumen is well-recognized, with Forbes listing him as the 20th wealthiest African, boasting a net worth of $1.1 billion.
Otedola’s leadership is expected to steer the bank towards new horizons of growth and innovation.
