FBN Holdings Plc has appointed Adebowale Oyedeji as its Group Managing Director (GMD), effective November 13, 2024.

The Company Secretary of FBN Holdings, Adewale Arogundade made this known in a notification sent to the Nigerian Exchange Limited (NGX) on Friday, October 18.

Arogundade said Oyedeji’s appointment was subject to the approval of the Central Bank of Nigeria (CBN) and ratification of the firm’s shareholders at the annual general meeting of the company.

“In accordance with the NGX rulebook, we notify the NGX and the investing public that the company’s Board of Directors has appointed Adebowale Oyedeji as the Holdings’ GMD, effective November 13, 2024,” Arogundade said.

He added that Oyedeji, a seasoned professional, would replace Nnamdi Okonkwo who would retire after completing his term.

Arogundade stated that Oyedeji would lead FBN Holdings’ executive team in implementing the company’s new five-year strategic plan.

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He quoted the Group Chairman, Femi Otedola, as welcoming Oyedeji and expressing confidence that he would build on the 130-year-old franchise’s solid foundation and sustain its leadership position.

Oyedeji holds a Bachelor of Science in Agricultural Economics from the University of Ibadan and a Master of Science in Financial Economics from the University of London.

He is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an alumnus of Harvard Business School’s Advanced Management Programme.

With over 30 years of experience in banking, spanning corporate banking, treasury, commercial banking and general management, Oyedeji served as the Managing Director of Guaranty Trust Bank in the United Kingdom from 2008 to 2011.

He was later appointed to the Board of GTBank as Executive Director in October 2011.

He has also served as an Independent Non-Executive Director at Stanbic IBTC Bank.

Before this appointment, Oyedeji was the Managing Director of Nova Commercial Bank, where he played a key role in its conversion to a commercial bank and expansion into retail banking.

The Star