Ecobank’s new CEO, Jeremy Awori assumes office as Ade Ayeyemi retires
By Onome Amuge
Jeremy Awori has officially resumed his position as the Chief Executive Officer of Ecobank Transnational Incorporated (ETI) following the retirement of Ade Ayeyemi who occupied the position for seven years.
A corporate document sent to shareholders and the investing public,dated Thursday, 2 March 2023, said Ayeyemi’s retirement gave way for Awori to take over the CEO seat on Wednesday, 1 March 2023.
The document explained that Ayeyemi, appointed in September 2015 to lead the pan-African financial institution, retired as CEO after attaining the retirement age of 60. He was aIn the document Alain Nkontchou, said the board supported Awori’s appointment.
Commenting on the development, Alain Nkontchou,the chairman of Ecobank Group, said the board supported Awori’s appointment.
Nkontchou described the new CEO as a result-oriented effective leader with extensive knowledge of the African banking landscape, adding that this will contribute to the growth of Ecobank.
He further noted that Awori has 25 years of experience in the banking industry, including close to a decade serving as CEO and Managing Director of Absa Bank Kenya Plc.
“Jeremy Awori’s exceptional and proven qualities as a result-oriented effective leader with an extensive knowledge of the African banking landscape, make him the ideal choice to steer the growth of the Ecobank Group through the current era of rapid global and continental changes,” Nkontchou said.
Speaking on his appointment and resumption, Awori said it is a fantastic opportunity to take Ecobank to the next level of its growth strategy.
According to the Ecobank CEO, despite current global challenges, Africa offers promising prospects. He also expressed confidence that Ecobank is uniquely positioned to provide systematic change across the banking sector at a pan-African level, using the geographic footprint it has already established.
In his words: “Through our single gateway platform, we are well-positioned to provide the necessary financial products and solutions for countries, corporates, and SMEs to capitalize on the continent’s vast resource, trade and investment opportunities. We also provide relevant, accessible, and affordable financial services that address the evolving needs of a vibrant, youthful, and entrepreneurial continent. Ecobank’s brand and heritage continue to be a source of pride.”