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To oversee the bank’s aggressive growth strategy, Polaris Bank has chosen a new, independent Board of Directors. Polaris Board Chairman Alhaji Muhammad Ahmad shared this information with the general public in a statement issued in Lagos. According to the announcement, the board would consist of three executive directors and six non-executive directors.

The new board and management are comprised of the following individuals: Ahmad, Chairman; Abubakar Suleiman, non-executive director; Salma Mohammed, non-executive director; Adeleke Adedipe, non-executive Director and Ahmed Almustapha, non-executive director.

Others are Francesco Cuzzocrea, non-executive director; Olabisi Odunowo, non-executive Director; Abdullahi Mohammed (executive director), and Segun Opeke (executive director).

It also named Adekunle Sonola, a former executive director at Union Bank, as the new Executive Managing Director and Chief Executive Officer of the financial institution.

Commenting on the acquisition and board transition, Ahmad said the bank was willing to work with its core investors to improve and stabilize the firm.
“I would like to thank the outgoing board members profusely for their hard work and dedication over the last four years as we have established a strong governance structure and stabilized the bank.”

“I am very pleased with the progress we have been able to make, and that we have delivered on our mandate to prepare the bank for a return to private ownership.”

https://thavmedia.com/polaris-bank-appoints-new-board-of-directors/