In a statement released on September 12, Ecobank Transnational Incorporated, the parent company of the Ecobank Group, announced that the current managing director, Ade Ayeyemi, will retire after reaching the age of 60, in accordance with company policy. The Board of Directors has appointed Jeremy Awori to succeed Ade Ayeyemi as CEO. Effective dates will be announced at a later date.

Alain Nkontchou, Chairman of the Board of Directors, thanked Ade Ayeyemi for his immense contribution over the past seven years at the head of the Ecobank Group. His replacement, Jeremy Awori, is a highly respected leader in the banking industry, who has achieved significant results in his previous role. The Board of Directors is convinced that its dynamism and strong focus on results will be essential to guide the Group in its next phase,” added Alain Nkontchou.

“I am very honored to have been appointed to lead the Ecobank Group. I look forward to consolidating the transformation of Ecobank, a truly pan-African institution with many talents, and creating value for all stakeholders. It is with humility that I take this opportunity to contribute to the economic development and financial integration of the continent with the Ecobank Group,” said the incoming CEO, Jeremy Awori, reacting to the announcement of his appointment.

Jeremy Awori has joined the Ecobank Group after a twenty-five-year career in the banking sector, including nearly ten years at the head of Absa Bank Kenya Plc as CEO.