The Board of Directors of Stanbic IBTC Holdings PLC has announced the appointment of Mrs. Olusola David-Borha as Chairman of the company’s board with effect from September 26th, 2024.
In a statement signed by the company’s secretary, Chidi Okezie, the company said that her appointment follows all regulatory approvals after the retirement of Mr. Basil Omiyi as Chairman of the Board in May 2024.
Mr. Olusola David-Borha has previously served as Chief Executive Officer of Standard Bank, Africa, and CEO of Stanbic IBTC Holdings and Stanbic IBTC Bank.
The firm noted that the new appointee has an extensive career in the financial services industry spanning over 35 years and her education includes executive courses at Harvard and Wharton Business schools.
The statement reads, “The Board of Directors (“the Board”) of Stanbic IBTC Holdings PLC (the Company) is pleased to announce the appointment of Mrs. Olusola David-Borha as Chairman of the Board with effect from 26 September 2024 following the receipt of all required regulatory approvals.”
“Mrs. Sola David-Borha succeeds Mr. Basil Omiyi as Chairman following Mr. Omiyi’s retirement as a Non-Executive Director and Chairman on 16 May 2024. Mrs. Sola David-Borha had previously served as Chief Executive Officer of Standard Bank, Africa Regions. Before that, she had also served as Chief Executive Officer of Stanbic IBTC Holdings and Stanbic IBTC Bank.”
Following the announcement of Mrs. Olusola David-Borha’s appointment, the company’s share price remained unchanged, holding steady at N57 per share, the same price it started the week at as of the time of this report.
