Ecobank has announced Ade Ayeyemi (52) as the new Group CEO.
Ayeyemi is set to replace Albert Essien who will retire on June 30, after 25 years of service with the Group.
An interim arrangement will be made by the Ecobank Board for the management of the Group during the period 1 July through 31 August, pending the resumption of the new GCEO.
According to a statement, Ayeyemi said, “I am delighted to have been offered the opportunity to lead this great institution, and commend Albert Essien for his legacy work of helping further the premier pan-African financial institution. Ecobank has an exceptional platform, great people, solid strategy and strong momentum.”
Ecobank Group Chairman Emmanuel Ikazoboh, said, “After a thorough and extensive search throughout the African continent, we are delighted to have secured Ade as the person to lead Ecobank through the next phase of its development and beyond as a world-class pan-African bank.”
Ayeyemi is an experienced banker who has had a long career with Citigroup, where he is currently Chief Executive Officer of Citigroup’s sub-Saharan Africa division, based in Johannesburg.
He is an Accounting graduate of the University of Ife, now Obafemi Awolowo University, Ile-Ife, Nigeria, where he earned a Bachelor of Science degree with First Class Honours. He also studied at the University of London.