Access Bank Plc has announced the appointment of Mosun Belo-Olusoga as its new Board of Director chairman effective Thursday, July 30, 2015.
Belo-Olusoga replaces erstwhile board chairman, Gbenga Oyebode who retired from the bank following his successful completion of the maximum term limit as prescribed by the Central Bank of Nigeria’s Code of Corporate Governance for Banks and Discount Houses in Nigeria.
The appointment of Belo-Olusoga, according to a statement from the bank, follows a thorough selection process by the Governance and Nomination Committee of the Board led by Emmanuel Chiejina, a Non-Executive Director.
Belo-Olusoga joined the Board of the Bank in November 2007 as a Non-Executive Director and until her recent appointment, she was the Chairperson of the Credit and Finance Committee and member of the Board Committees on Audit, Governance and Nomination, Risk Management and Remuneration.
She was formerly an Executive Director of Guaranty Trust Bank Plc and was at various times responsible for Risk Management, Corporate and Commercial Banking and Transaction Services and Settlements.
Belo-Olusoga is a graduate of Economics from University of Ibadan and a Fellow of the Institute of Chartered Accountants of Nigerian and Chartered Institute of Bankers of Nigeria.
Former chairman, Oyebode said that “I am glad that Mrs Belo-Olusoga will be succeeding me as Chairperson. Her significant board experience; knowledge of our dynamic industry and personal qualities will be highly beneficial to Access Bank’.
On her part, Belo-Olusoga said that she considers it “a great privilege to chair Access Bank, an outstanding financial institution at a time like this. I look forward to working with its great team in transforming it into the World’s Most Respected African Bank.”
With the current development, the Board is now comprised of 15 directors made up of seven Executive Directors and eight Non-Executive Directors, two of whom are Independents.
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