MON, JULY 06 2020-theG&BJournal-Stanbic IBTC has elevated Dr. Demola Sogunle to the position of Chief Executive, Stanbic IBTC Holdings PLC following Central Bank of Nigeria (CBN) approval for executive management promotions recently announced by the Boards of Directors of the Bank.
Before this promotion, Dr. Sogunle was the Chief Executive of the Bank and previously served as Deputy Chief Executive. The Bank said Dr. Sogunle will also continue to serve as a Non-Executive Director on the Board of the Bank.
Dr. Sogunle’s predecessor in that role, Yinka Sanni has been moved up to a regional role, as Regional Chief Executive (West Africa) for Standard Bank Group with oversight responsibilities for Nigeria, Ghana and Cote d’Ivoire, as well as the delivery of Standard Bank Group’s strategy across the region.
Other promotions confirmed by the CBN include those of Mr. Wole Adeniyi, who now becomes the Chief Executive, Stanbic IBTC Bank PLC. Until his latest appointment, Adeniyi was the Deputy Chief Executive of the Bank and served previously as Executive Director, Personal and Business Banking.
With the appointment of Wole Adeniyi as Chief Executive of the Bank, Mr. Remy Osuagwu is now the Executive Director, Personal and Business Banking, Stanbic IBTC Bank PLC. He takes over from Mr. Adeniyi in the execution of the retail strategy of the Bank, and in his new role he will oversee the growth of both the Personal and Business Banking segments of the Bank. Mr. Osuagwu previously served as Head, Business Banking.
The new appointments officially took effect from Wednesday, July 1, 2020.