GTBank takes a new road by appointing a new Chairman to lead. Mr. Egbert Imomoh was appointed Chairman, announced by The Board of Directors of Guaranty Trust Bank Plc (GTBank) on Thursday.
Mr. Oluwole Oduyemi, in compliance with the bank’s code of corporate governance for non-executive directors, retired after 70 years of undoubted hard work, making way for Imomoh who is expected to drive smoothly and diligently through the course of his leadership. This explained in a statement from the bank.
The new Chairman, according to the bank, would be presented to shareholders at its 23rd Annual General Meeting (AGM) which holds in Lagos next Thursday.
Even though Oduyemi’s run as a leader consolidated the bank’s position as one of the most profitable, best ran and ethical financial institution in Nigeria, he takes a bow for his time is up.
Imomoh, now the 5th Chairman, joined GTBank in June 2005. He too is regarded as highly accomplished in the field of petroleum and exploration industry both locally and internationally, with immense experience.
Prior to his appointment as Chairman, he served as Chairman of the Board Risk Management Committee and Chairman of the Board Remuneration Committee.
Commenting on the development, the Managing Director/Chief Executive Officer, GTBank, Mr. Segun Agbaje, said “the bank maintains high corporate governance standards and has a defined succession strategy to address board and management vacancies”.
He also confirmed Oduyemi’s retirement of 70 years and would be stepping down as a Director at the forthcoming AGM. According to Agbaje, Nigerian Stock Exchange and other regulators have been informed about the retirement and appointment.
At the AGM, aside from Imomoh’s appointment approval by the shareholders, they shall also receive the audited financial statement for 2012, declare dividend, and elect directors and members of the bank’s audit committee.
GTBank since its establishment in 1990, has maintained a good record in the eyes of industry watchers, which tagged them as the best run and most ethical financial institution within the Nigerian Financial Services space, due to its bias for world class corporate governance standards, excellent service quality and innovation.
The bank now operates from over 200 branches within the country and has banking subsidiaries in Cote D’Ivoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.