Guaranty Trust Bank Plc is set to announce new members of its board of directors in line with the ongoing corporate re-organisation.
In a report released yesterday, the bank said it will be appointing Holding Company Board of Directors made up of seven members and a bank Board of Directors with eight members.
Guaranty Trust Bank Plc had in its half year 2020 Investors/Analysts call held on September 7, 2020, Segun Agbaje, the Managing Director and Chief Executive Officer of Guaranty Trust Bank plc, confirmed the commencement of the succession process for Guaranty Trust Bank Nigeria and noted that all Executive Directors of the Bank are participating in this process.
At the full year 2020 Investors/Analysts Call held on March 22, 2021, Agbaje provided an update on the succession process for Guaranty Trust Bank Nigeria, confirming that it has been completed.
He also confirmed the ongoing Corporate Reorganisation has been ratified by shareholders at the Court-Ordered Meeting of the holders of the fully paid ordinary shares, held on December 4, 2020. He noted that in order to maintain optimum operational efficiency, there will be a Holding Company Board of Directors made up of seven members and a Bank Board of Directors with eight members.
“Please be informed that the members of Boards of Directors will be announced, and all other details of the ongoing Corporate Reorganisation provided, once all regulatory approvals have been obtained. We remain committed to providing best-in-class customer experience to all our valued customers and consistent high-quality returns to all our esteemed shareholders,” the bank said.
