Business Access Bank Plc: Belo-Olusoga Becomes Board Chairperson As Gbenga Oyebode Retires

Temitope

Temitope Akinola
Access Bank Plc has announced Mrs Belo-Olusoga as the new Board Chairperson of the bank, replacing Mr Gbenga Oyebode who is now retired.

Mr Oyebode retired following his successful completion of the maximum term limit prescribed by the CBN Code of Corporate Governance for Banks and Discount Houses in Nigeria.

The new Board Chairperson until her appointment was the Chairperson of the Credit and Finance Committee and member of the Board Committees on Audit, Governance and Nomination, Risk Management and Remuneration. She joined Access Bank Plc in November 2007 having served as an Executive Director at Guaranty Trust Bank Plc.

Mrs Belo-Olusoga is a graduate of Economics from the University of Ibadan and a Fellow of the Institute of Chartered Accountants of Nigeria and Chartered Institute of Bankers of Nigeria.


Read full text of the Press Release Below

Access Bank Plc (the ‘Bank’) is pleased to announce the retirement of Mr. Gbenga Oyebode MFR as a director and Chairman of the Bank and the appointment of Mrs. Mosun Belo-Olusoga as his successor with effect from July 30, 2015.

The retirement of Mr Oyebode follows his successful completion of the maximum term limit as prescribed by the Central Bank of Nigeria’s Code of Corporate Governance for Banks and Discount Houses in Nigeria.

The appointment of Mrs Belo-Olusoga follows a thorough selection process by the Governance and Nomination Committee of the Board led by Mr. Emmanuel Chiejina, a Non-Executive Director.

Mrs Belo-Olusoga joined the Board of the Bank in November 2007 as a Non-Executive Director. Until her recent appointment, she was the Chairperson of the Credit and Finance Committee and member of the Board Committees on Audit, Governance and Nomination, Risk Management and Remuneration.

She was formerly an Executive Director of Guaranty Trust Bank Plc and was at various times responsible for Risk Management, Corporate and Commercial Banking and Transaction Services and Settlements. She is a graduate of Economics from University of Ibadan and a Fellow of the Institute of Chartered Accountants of Nigerian and Chartered Institute of Bankers of Nigeria.

Mr. Oyebode commented: ‘I am glad that Mrs Belo-Olusoga will be succeeding me as Chairperson. Her significant board experience; knowledge of our dynamic industry and personal qualities will be highly beneficial to Access Bank’.

Mrs Belo-Olusoga said: ‘‘I consider it a great privilege to chair Access Bank, an outstanding financial institution at a time like this. I look forward to working with its great team in transforming it into the World’s Most Respected African Bank’’. www.accessbankplc.com By this development, the Board is now comprised of 15 directors made up of 7 Executive Directors and 8 Non-Executive Directors, 2 of whom are Independents.

ABOUT ACCESS BANK
Access Bank Plc is a full service commercial Bank operating through a network of 350 branches and service outlets located in major centres across Nigeria, Sub-Saharan Africa and the United Kingdom. Listed on the Nigerian Stock Exchange in 1998, the Bank serves its various markets through 5 business segments: Corporate and Investment Banking, Commercial Banking, Business Banking, Personal Banking, Operations and IT Divisions.

The Bank has over 800,000 shareholders including several Nigerian and International Institutional Investors and has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last 15 years.

As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant
 

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