The board of directors of First Bank Plc has announced the appointment of Olusegun Alebiosu as the acting chief executive officer (CEO) of the bank.
The decision comes in the wake of the resignation of the former CEO, Adesola Adeduntan.
In a statement released by the board of the bank in Abuja on Monday, it was revealed that Olusegun Alebiosu’s appointment would take effect immediately, pending the approval of the Central Bank of Nigeria (CBN).
Part of the statement read: ”Mr Alebiosu, who previously served as an executive director and chief risk officer at First Bank, played a significant role in the bank’s transformation over the past eight years.
”Under the previous CEO’s tenure, he was part of the leadership team and is considered well-placed to lead the bank in achieving its strategic objectives.
”With over three decades of banking experience, Mr Alebiosu brings knowledge and expertise to his new role. His tenure at First Bank, which began in 2016, has been marked by his dedication to driving growth and innovation within the organization.”
Experts say the appointment of Olusegun Alebiosu as acting CEO underscores First Bank’s commitment to continuity and stability amidst leadership transitions.
The board expressed confidence in Mr. Alebiosu’s ability to steer the bank forward during this transitional period.
In a related development, Zenith Bank Plc has appointed Dame (Dr.) Adaora Umeoji, OON, as the Group Managing Director/Chief Executive Officer, effective June 1, 2024.
Dr. Umeoji will succeed Dr. Ebenezer Onyeagwu, whose successful tenure ends on May 31, 2024, after five years.
With this appointment, Dr. Umeoji becomes the first female GMD/CEO in the bank’s history.