The parent company of the pan-African banking organization Ecobank, Ecobank Transnational Incorporated has announced today that Ade Ayeyemi, the current Group CEO, will retire once he becomes 60 in accordance with company policy.
The Board of Directors has chosen Jeremy Awori to succeed the departing executive as the next Group CEO, and they have stated that the pertinent effective dates will be announced in due time.
The chairman of the Ecobank Group, Alain Nkontchou, praised Ayeyemi for his enormous contributions over the course of his seven years as group CEO.
“Ade can be rightly proud of his success in leading the implementation of the Roadmap to Leadership strategy, navigating Ecobank through challenges, seizing opportunities, and positioning Ecobank for sustainable long-term growth,” Nkontchou said.
“Ade’s deep knowledge, unrivaled vision, commitment and infinite passion made all the difference. It has been a real pleasure working with him. I count on his continuous support to ensure a smooth transition as we onboard Jeremy Awori as the new Group CEO,” the chairman added.
“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,” Ayeyemi said, in a statement to express his gratitude for the opportunity to lead the Ecobank Group.
Nkontchou went on to describe the incumbent CEO Awori as a highly regarded leader in the banking sector who has made notable contributions in his prior roles. The Board of Directors firmly believes that the Group’s next phase will be led by his passion and laser-like focus on results.
A New Dawn
“It is a great honor to be appointed Ecobank Group’s Chief Executive Officer,” the incoming Awori said, in a response to his appointment.
“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.”
Before joining Absa, Awori has held multiple leadership roles at Standard Chartered Bank across the Middle East and Africa. He brings a wealth of experience, skills, and industry know-how to the Ecobank Group.
After 25 years in the banking sector, including nearly ten years as CEO & Managing Director of Absa Bank Kenya Plc, Awori is joining Ecobank Group. Awori had held numerous executive positions at Standard Chartered Bank in the Middle East and Africa before joining Absa. The company believes he will offer the Ecobank Group a breadth of experience, abilities, and sector knowledge.
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