Albert Essien To Act As Ecobank CEO In Transition Period | Independent Newspapers Limited
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Albert Essien To Act As Ecobank CEO In Transition Period

Posted: Jun 28, 2015 at 12:00 am   /   by   /   comments (0)

By Bamidele Ogunwusi, Lagos

The management of Ecobank Transnational Incorporation (ETI), parent company of the Ecobank Group, has informed the management of the Nigerian Stock Exchange (NSE) that the outgoing Ecobank Group CEO, Albert Essien, will act as Chief Executive Officer over two-month transition period.

Albert Essien will act as the company’s chief executive between the effective date of his retirement, 30 June, 2015, and the resumption of his successor, Ade Ayeyemi, on September 1, 2015.

Essien will thus be Acting Group CEO from 1 July through 31 August 2015. The ETI board of directors has approved the retirement of Albert Essien in line with the Ecobank Group policy, which requires the retirement of employees when they attain the mandatory retirement age of 60.

On resumption of Ayeyemi on September 1, Essien will then hold the role of Special Advisor for one month in order to assist the new Group CEO to settle in and to facilitate the completion of a proper handing over.