Kunle Adedeji Takes Over As Stanbic IBTC Holdings CEO

Stanbic IBTC Holdings Plc, a leading financial services institution in Nigeria, has announced a significant leadership change. The company’s Board of Directors has revealed that Demola Sogunle, the current Chief Executive Officer, will be retiring from his position on October 31, 2024.

Sogunle, who has dedicated nearly 35 years to Stanbic IBTC, has played a pivotal role in shaping the company’s growth and success. His visionary leadership and unwavering commitment have guided the organization through numerous challenges and milestones. The Board has expressed its deep appreciation for his invaluable contributions.

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To ensure a seamless transition, the Board has received regulatory approval to appoint Kunle Adedeji as the Acting Chief Executive Officer, effective November 1, 2024. Adedeji brings a wealth of experience and a proven track record of leadership within Stanbic IBTC.

A seasoned financial expert with over 25 years in the banking industry, Adedeji joined Stanbic IBTC as an Executive Director in 2019. He holds an MBA in Finance from the University of Lagos and a DBA from the SBS Swiss Business School, Switzerland. Adedeji currently serves as the Chief Finance and Value Management Officer of the company and will continue in this role while assuming the responsibilities of Acting Chief Executive.

The Board is confident that Adedeji’s leadership will be instrumental in driving the growth and success of Stanbic IBTC Group. His deep understanding of the company’s operations, combined with his strategic acumen, will be invaluable as the organization continues to navigate the dynamic financial landscape.