The Board of Directors of First Bank of Nigeria Limited has approved the appointment of Mr. Gbenga Shobo as its Managing Director/Chief Executive Officer (CEO), effective today (Wednesday).

Until the appointment, Shobo was the bank’s Deputy Managing Director. Shobo succeeds Mr. Adesola Adeduntan, who will be leaving the financial institution in accordance with its term limits for Chief Executives, after leading the bank since January 2016.

According to a statement, the appointment is subject to regulatory approval.

Also appointed was Abdullahi Ibrahim as Deputy Managing Director, while Mr. Ini Ebong, Mr. Segun Alebiosu, Mr. Seyi Oyefeso and Mrs. Bashirat Odunewu, were also appointed as Executive Directors.

Similarly, their appointments are also subject to regulatory approvals.

Commenting on the appointment, the Chairman, First Bank, Mrs. Ibukun Awosika said: “We are proud to announce Gbenga Shobo as our new MD/CEO. His appointment has proven the resilience of our succession planning mechanisms and the value we place on our long-standing corporate governance practices, which underpins the institution’s enduring sustainability and the 127-year legacy.

“I would like to thank Sola for his dedication and efforts during his helm at the bank, and before as Chief Finance Officer. The board and I are grateful for his leadership of the bank over the last five years and a half and believe that the strong foundation created during his term would provide an excellent basis for our continued success. We wish him well in his future endeavours outside the FirstBank Group.”

The statement explained that Shobo has had a successful career in the bank and elsewhere, culminating in his appointment as Deputy Managing Director. In 2016, prior to his appointment as Deputy Managing Director, he was the Executive Director overseeing the Retail Banking/Public Sector businesses in the Lagos & West Directorate and was hitherto the Executive Director overseeing the Retail Business in the South Directorate.

I would like to thank Sola for his dedication and efforts during his helm at the bank, and before as Chief Finance Officer. The board and I are grateful for his leadership of the bank over the last five years and a half and believe that the strong foundation created during his term would provide an excellent basis for our continued success

Commenting on the appointment, the Chairman, First Bank, Mrs. Ibukun Awosika said: “We are proud to announce Gbenga Shobo as our new MD/CEO

xtremecr8:


Congratulations Mr Gbenga Shobo. It is in the time of your predecessor, Mr Adeduntan, that we suffered from the hands of First Bank Plc as our hardwork for creating their 125th Year Anniversary logo was not paid for and we are still in limbo despite all effort to get justice.
We will not relent and will continue to appeal to men and women of good conscience in this land to come to our aid.
Big brands don't kill small brand, FBN, please pay us for creating and designing your 125th Year Anniversary logo. It was the product of hardwork and toils, you have used what we created for you, please pay us. We hope the tenure of Mr Shobo will wipe away these tears on our face because of this unfair manner we were treated by First Bank Plc during the tenure of the outgoing Mr Adeduntan.

oluwaseyi0:
When most successful and established private enterprises appoints leaders/CEO they hardly go for core northerners, mostly southerner I wonder why