To access Holdings Plc has announced changes to the board of directors of its banking subsidiary, Access Bank Plc, following the completion of a plan of arrangement for holders of its 50,000 fully paid ordinary shares.
In a statement signed by Mr. Sunday Ekwochi, its Corporate Secretary, on Monday in Lagos, the Board appointed Mr. Roosevelt Ogbonna as Managing Director/Chief Executive Officer of the bank, while Mr. Victor Etuokwu has been appointed Deputy Managing Director, Retail North.
Similarly, Ms. Chizoma Okoli becomes Deputy General Manager, Retail South.
The statement said the three appointments have been approved by the Central Bank of Nigeria and will take effect on May 2, 2022.
He also announced the resignation of Mr. Adeolu Bajomo as Executive Director, Information Technology and Operations with effect from September 30, 2022, following his decision to pursue other personal interests.
He added that the appointment underscores the effectiveness of the Group’s strong succession planning system and follows the appointment of the incumbent, Dr Herbert Wigwe, as Chief Executive/Group Chief Executive, Access Holdings Plc.
“Ogbonna has served as Deputy Managing Director of the bank since 2017. Previously, he was appointed Executive Director, Commercial Banking Division, in October 2013.
“The head of the bank is an accomplished and accomplished professional with over two decades of banking experience having joined Access Bank in 2002 from Guaranty Trust Bank.
The statement noted that Etuokwu was appointed chief executive of the bank in 2012 and his appointment was renewed in 2022 after his second term expired.
Etuokwu holds a Bachelor of Science and a Masters of Business Administration from the University of Ibadan and the University of Benin respectively. He has completed several executive education programs at prestigious institutions, including Oxford Business School.
According to the statement, Okoli is a seasoned professional with around three decades of solid banking experience.
She started her professional career in 1992 as an executive trainee in the defunct Diamond Bank Plc where she distinguished herself and quickly rose through the ranks to become an executive director in 2016.
His solid experience spans commercial and consumer banking; corporate banking; bank branch, institutional bank, merchant bank and business development.
She obtained a Bachelor of Laws from the University of Benin and a Masters in Business Administration from Warwick Business School, UK.
She is a Senior Honorary Fellow of the Chartered Institute of Bankers of Nigeria and Fellow of the Institute of Credit Administration of Nigeria.
Commenting on these developments, Mr. Bababode Osunkoya, Chairman of the Board, said: “The new appointments reflect the strength of our leadership succession plan and our decision to significantly strengthen our retail business while harnessing the potential SMEs and financial inclusion to achieve group strategy.