Former Absa bank CEO Jeremy Awori has been appointed as the new Ecobank Group Chief Executive.
Awori will be taking up the position after the retirement of Ayeyemi who according to the ETI policy is set to retire upon attaining the age of sixty.
Mr. Awori last week announced his exit from ABSA bank (formerly Barclays) after his 10 years of service to the bank.
Ecobank, a Lome-based lender, has operations in thirty-six countries in Africa with more than thirty-two million customers.
“Jeremy Awori is a highly respected leader in the banking industry with significant achievements in his previous capacities. The Board of Directors strongly believes that his drive and a strong focus on results will be vital in steering the Group in its next phase,” said Alain Nkontchou, Ecobank Group Chairman.
The exiting CEO, Ade Ayeyemi conveyed his appreciation for the opportunity he had of leading the bank.
“It is a privilege to lead an amazing team of Ecobankers in bringing the Ecobank Group back to growth and continuing to realize our commendable Pan-African mandate.”
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Awori, who according to ABSA is set to exit the company on 31st October 2022, in his response to Ecobank’s announcement said he was more humbled for the opportunity offered and is ready to work.
“It is a great Honor to be appointed Ecobank Group’s Chief Executive Officer. I look forward to consolidating the transformation of Ecobank, a truly Pan-African institution full of talented people, while innovating to create value for all Ecobank’s stakeholders. I am humbled by the opportunity to contribute to the continent’s economic development and financial integration with Ecobank Group.”