First Bank Holding Plc, in a press release following their board meeting on Sunday, announced the appointment of Mr. Olusegun Alebiosu as the Acting Chief Executive Officer of its flagship subsidiary, First Bank of Nigeria Limited (First Bank).
This appointment comes in the wake of the recent resignation of the previous MD/CEO, Dr. Adesola Adeduntan.
The official announcement was made via a statement by the acting company secretary of the Holding, Mr. Adewale Arogundade, through the Nigerian Stock Exchange. Arogundade emphasized that the announcement was made in compliance with the Rulebook of The Exchange (Issuers’ Rules), which mandates the notification of such developments to the Nigerian Exchange Limited and the investing public.
Alebiosu, who previously served as Executive Director/Chief Risk Officer, played a pivotal role in the transformation of First Bank over the past eight years and remained a key member of the leadership team under the previous CEO’s tenure.
Joining First Bank in 2016, Alebiosu brings with him over three decades of extensive banking experience, particularly in risk management, compliance, and corporate banking. Prior to his tenure at First Bank, he held significant positions at United Bank for Africa Plc and commenced his banking career at Oceanic Bank Plc (now Ecobank Plc) in 1991.
It’s worth noting that Mr. Alebiosu’s appointment is subject to approval by the Central Bank of Nigeria.
