Fidelity Bank appoints Onyeali-Ikpe MD-designate

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OrijoReporter.com, Nneka Onyeali-Ikpe

The board of directors of Fidelity Bank Plc has announced the impending retirement of Mr Nnamdi Okonkwo, its managing director/chief executive officer and approved the appointment of Mrs. Nneka Onyeali-Ikpe, in his place.

According to a statement by the bank on Monday, Onyeali-Ikpe, will take over from Okonkwo whose tenure ends on December 31, 2020, in line with the bank’s governance policies.

The bank also approved the appointment of Mr. Kevin Ugwuoke, the current Chief Risk Officer of the Bank, as Executive Director, Chief Risk Officer, subject to the approval of the Central Bank of Nigeria.

The statement read in part: “The Board of Directors of Fidelity Bank Plc wishes to announce the impending retirement of Mr. Nnamdi J. Okonkwo, the Managing Director/Chief Executive Officer (MD/CEO) of Fidelity Bank Plc. He will be stepping down from the Board of Directors of the Bank, with effect from December 31, 2020, upon completion of his contract tenure, in line with the bank’s governance policies.

“In compliance with the succession policy of the Bank, the Board has approved the appointment of Mrs. Nneka Onyeali-Ikpe, the current Executive Director, Lagos and South West Directorate as the MD/CEO Designate.

 “The approval of the Central Bank of Nigeria(CBN) has been obtained for the appointment.

“The Board has also approved the appointment of Mr. Kevin Ugwuoke, the current Chief Risk Officer of the Bank, as Executive Director, Chief Risk Officer, subject to the approval of the CBN.

To ensure a smooth and successful transition, Nnamdi Okonkwo will continue in his role as the MD/CEO until December 31, 2020, while Nneka Onyeali-Ikpe will assume office as the substantive MD/CEO by January 1, 2021.”

 

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