Upcoming retirement of Ade Ayeyemi, CEO of ETI and appointment by the Board of Directors of Jeremy Awori as new CEO

Lome, Togo, September 12, 2022 – Ecobank Transnational Incorporated, the parent company of the Ecobank Group, today announced that current Chief Executive Ade Ayeyemi will retire after reaching the age of 60, in accordance with company policy . The Board of Directors has appointedJeremy Awori to succeed Ade Ayeyemi as CEO. The effective dates will be communicated later.

Alain Nkontchou, Chairman of the Board of Directors, thanked Ade Ayeyemi for his immense contribution over the past seven years at the helm of the Ecobank Group. “Ade Ayeyemi can be justifiably proud of having successfully led the implementation of the Leadership Roadmap strategy, overcoming challenges, seizing opportunities and positioning Ecobank for sustainable growth. long-term. His in-depth knowledge, vision, commitment and immense enthusiasm made all the difference. It was a real pleasure to work with him. I am counting on his unfailing support to ensure a smooth transition when Jeremy Awori takes over as CEO,” he said.

“Jeremy Awori is a highly respected leader in the banking industry who has achieved significant results in his previous roles. The Board of Directors is convinced that its dynamism and its strong orientation towards results will be essential to guide the Group in its next phase”, added Alain Nkontchou.

Ade Ayeyemi expressed his deep gratitude for having had the opportunity to lead the Ecobank Group, stating: “It has been a great privilege for me to have been able to lead an amazing team of Ecobankers to enable the Ecobank Group to return to growth. and to continue to carry out our noble Pan-African mission”. He also expressed his commitment to ensure a smooth transition and facilitate the installation of his successor.

The incoming Managing Director, Jeremy Awori, reacting to the announcement of his appointment, said: “I am very honored to have been appointed to lead the Ecobank Group. I will be happy to consolidate the transformation of Ecobank, a truly pan-African institution with many talents, and to create value for all stakeholders. It is with humility that I seize the opportunity offered to me to contribute to the economic development and financial integration of the continent with the Ecobank Group”.

Jeremy Awori joins the Ecobank Group after a twenty-five year career in the banking sector, including almost ten years at the head of Absa Bank Kenya Plc as Managing Director.

Prior to joining Absa, Jeremy Awori held several management positions at Standard Chartered Bank in the Middle East and Africa. He brings to the Ecobank Group a wealth of experience, skills and know-how in the banking sector.

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