FBN Holdings gets new GMD

Business a.m.

Adebowale Oyedeji, new GMD,FBN Holdings

FBN Holdings has announced the appointment of Adebowale Oyedeji as its new group managing director.

This was disclosed in a corporate notice filed with the Nigerian Exchange Limited, on Friday.

Oyedeji’s appointment takes effect from November 13 subject to the approval of the Central Bank of Nigeria and ratification of the Shareholders at the Annual General Meeting of the Company.

Speaking on the appointment, Femi Otedola, the group chairman of FBNHoldings, said “The Board is pleased to welcome Wale Oyedeji to the Holdco and looking forward to him building on the solid foundation of 130-year-old franchise and sustaining its undisputed leadership position.”

According to the corporate notice, Oyedieji replaces Nnamdi Okonkwo who will be retiring from the Company after the completion of his term.