Breaking: First bank announces new MD/CEO
The board of First Bank of Nigeria Limited at its meeting today approved the appointment of Mr. Gbenga Shobo, currently Deputy manager Director, as the Managing Director/CEO Designate of the bank.
This decision is subject to all regulatory approvals. Gbenga succeeds Shola Adedutan who will be leaving the bank in accordance with the Bank’s term limit for its chief executives after successfully leading the bank since January 2016.
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In announcing the appointment Mrs. Ibukun Awosika, First Bank Nigeria Limited explained;
“We are proud to announce Gbenga Shobo as our new MD/CEO. His appointment has proven his resilience of our successions planning mechanism and the value we place on our long-lasting cooperate governance practice, which underpins the institution’s enduring sustainability and 127-year legacy.
The Board is confident that Gbenga has the experience and understanding of the bank and the know how to lead the bank through this next first phase of growth, which is focused on positioning First Bank as the permanent bank in our choosing Markets, delivering values to our Stakeholders.
