News Column

ETI Elects Ikazoboh Chairman

July 3, 2014

Shareholders of Ecobank Transnational Incorporated (ETI) held its Annual General Meeting (AGM) at its LomÉ headquarters on Thursday, to among others, ratify the appointment of Emmanuel Ikazoboh as its new Chairman.

Ikazoboh, a chartered accountant with over 35 years' experience of international business management and corporate advisory roles in both the private and public sectors, was until 2011, interim administrator of the Nigerian Stock Exchange (NSE).

A statement by the Ecobank Group said Ikazoboh spent much of his career with Deloitte in West and Central Africa.

The EGM, the statement said, was in accordance with the Governance Action Plan approved at Ecobank's Extraordinary General Meeting in March of this year, resulting in a significant reorganisation of its board. As part of the reorganisation, Sena Agbayissah, Kwasi A. Boatin, Assad Jabre and Sipho Mseleku have retired as directors.

The new board comprises three executive directors namely: Albert Essien, Group Chief Executive; Deputy Group CEO and Group Chief Operating Officer, Mrs. Evelyne Tall-Daouda, and Mrs. Laurence do Rego, Executive Director, Finance; as well as nine Non-Executive Directors.

Besides the Ikazoboh as Group Chairman, the Non-Executive Directors include: AndrÉ Siaka, representing shareholders in CEMAC, Dr. Adesegun Akinjuwon Akin-Olugbade, representing Nigeria and Anglophone minority shareholders; AndrÉ BoboÉ Bayala, representing UEMOA and Francophone minority shareholders; Tei Mante, representing WAMZ; Kadita Tshibaka, representing the International Finance Corporation (IFC), Hewett Adegboyega Benson, representing the Asset Management Corporation of Nigeria (AMCON), Bashir Mamman Ifo, representing European Bank for Industrial Development (EBID), and Dr. Daniel Matjila, representing the Public Investment Corporation (PIC).

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: AllAfrica

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters