Ecobank Transnational Incorporated (ETI) has appointed Emmanuel Ikazoboh as the Group’s new Chairman.
The decision was arrived yesterday at the Annual General Meeting (AGM) of ETI held at the Group headquarters in Lomé yesterday.
Emmanuel Ikazoboh is an accountant with over 35 years experience in international business management and corporate advisory roles in both the private and public sectors.
He spent most of his career with Deloitte in West and Central Africa.
Addressing shareholders at the AGM, the outgoing Interim Chairman, Mr. André Siaka said “The Board is committed to establishing the highest standards of corporate governance. We will learn from the recent past, address all of the issues and lay firm foundations for Ecobank’s continued success in the future.”
Meanwhile according to the bank in accordance with the Governance Action Plan approved at its Extraordinary General Meeting in March this year, there has been a significant reorganization of the Group’s Board of Directors.
The new Board comprises three executive directors, Group CEO, Mr. Albert Essien, Deputy Group CEO and Group COO, Mrs. Evelyne Tall-Daouda, and Mrs. Laurence do Rego, Executive Director, Finance and nine Non-Executive Directors.
In addition to the Group Chairman, the Non-Executive Directors include, Mr. André Siaka, representing shareholders in CEMAC, Dr. Adesegun Akinjuwon Akin-Olugbade, representing Nigeria and Anglophone minority shareholders, Mr. André Boboé Bayala, representing UEMOA and Francophone minority shareholders, Mr. Tei Mante, representing WAMZ, Mr. Kadita Tshibaka, representing the IFC, Mr. Hewett Adegboyega Benson, representing AMCON, Mr. Bashir Mamman Ifo, representing EBID, and Dr. Daniel Matjila, representing the Public Investment Corporation (“PIC”).
Messrs. Sena Agbayissah, Kwasi A. Boatin, Assad Jabre and Sipho Mseleku have retired as Directors.
Reviewing Ecobank’s 2013 financial results, Group Chief Executive, Albert Essien, said: “The fundamentals of our business are strong and I am excited by the huge potential of our unique platform. However, I will not shy away from key areas that need to be addressed, including improving our profitability by driving efficiency across our entire network. Our performance in the first quarter of 2014 has been significantly ahead of the equivalent period last year, which gives the Board confidence regarding Ecobank’s prospects for the year as a whole.”
By: Vivian Kai Mensah/citifmonline.com/Ghana
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