WED, JULY 01 2020-theG&BJournal- Emmanuel Ikazoboh has retired from Ecobank Transnational Incorporated (ETI), after completing his tenure as director and Chairman. Ikazoboh, a Chartered Accountant was appointed Chairman of the Bank in June 2014.
He will be succeeded by Cameroonian national 51-year old Mr. Alain Nkontchou who is Managing Director of Enko Capital Management LLP, a London-based asset management company.
The Bank’s shareholders also approved the appointments of two new directors – Professor Enase Okonedo and Mr. Simon Dornoo. Professor Enase Okonedo, Dean of Lagos Business School (LBS) will replace Ms Arunma Oteh who has resigned from the Board.
Shareholders also ratified the co-option of Mr. Deepak Malik, a nominee of Arise B.V, Ms. Zanele Monnakgotla, a nominee of Public Investment Corporation and Dr. George Agyekum Donkor, the representative of Ecowas Bank for Investment & Development as directors.
The mandates of the firms – Deloitte & Touche, Nigeria, and Grant Thornton, Côte d’Ivoire as Joint Auditors were renewed.
All of the appointments were approved at the Bank’s 32nd Annual General Meeting (AGM) & Extraordinary General Meeting in Lagos, Nigeria, Tuesday. The AGM was followed by an Extraordinary General Meeting at which Shareholders voted for the cancellation of the resolution on the consolidation of shares earlier approved on June 17, 2016.
For the first time in the history of ETI and in line with preventive measures to curb the spread of COVID-19, attendance at the General Meetings was mainly by proxies in accordance with the Articles of Association of the Company.
Ade Ayeyemi, Chief Executive Officer of Ecobank Group paid tribute to the outgoing Chairman ‘’who has served the group diligently during his tenure,’’ for the invaluable stewardship, counsel, strategic expertise and oversight that he so willingly provided.
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