Business
Exciting Times Ahead: First Bank Welcomes Olusegun Alebiosu as Acting CEO!
Exciting Times Ahead: First Bank Welcomes Olusegun Alebiosu as Acting CEO!
In a groundbreaking announcement that has sent ripples of anticipation through the financial world, First Bank of Nigeria Limited has named Mr. Olusegun Alebiosu as its Acting Chief Executive Officer, effective immediately. The torch has been passed from the esteemed Dr. Adesola Adeduntan, who has gracefully stepped down from his role as the Managing Director/CEO of the bank.
The news was met with eager anticipation and a buzz of excitement as the official notification reached the Nigerian Exchange Limited and the investing public, in full compliance with the Issuers’ Rules of The Exchange.
So, who is Mr. Olusegun Alebiosu? A visionary leader with a wealth of experience in the banking sector, Mr. Alebiosu previously served as the Executive Director and Chief Risk Officer at FirstBank. His fingerprints can be seen all over the bank’s successful transformation strategies over the past eight years, making him a natural choice for this pivotal role.
Having joined FirstBank in 2016, Mr. Alebiosu brings with him over three decades of extensive banking experience. His expertise in risk management, compliance, and corporate banking is second to none, setting him apart as a seasoned professional in the industry. His impressive resume boasts significant roles such as Chief Risk Officer at Coronation Merchant Bank Limited and Chief Credit Risk Officer at the African Development Bank Group.
But Mr. Alebiosu’s journey doesn’t start and end with FirstBank. Prior to his tenure at the institution, he held key positions at United Bank for Africa Plc and kick-started his illustrious career at Oceanic Bank Plc (now Ecobank Plc) in 1991. His diverse experience and unwavering commitment to excellence have undoubtedly prepared him for this momentous opportunity.
FirstBank’s decision to appoint Mr. Alebiosu as Acting CEO speaks volumes about his dedication and proven track record within the organization. The board’s unanimous support underscores their confidence in his ability to lead the bank to new heights, building upon the foundation laid by his predecessors.
As we bid farewell to Dr. Adeduntan, we express our heartfelt gratitude for his leadership and invaluable contributions to FirstBank’s growth and transformation during his nine-year tenure. His legacy will undoubtedly endure, shaping the bank’s future endeavors in profound ways.
As Mr. Alebiosu steps into his new role, the approval from the Central Bank of Nigeria looms on the horizon, marking the beginning of an exciting new chapter for the 130-year-old financial institution. With his vision, expertise, and unwavering commitment to excellence, Mr. Alebiosu is poised to steer First Bank towards continued success in an ever-evolving banking landscape.
Exciting times lie ahead for First Bank and all those who have a stake in its journey. As we eagerly await the unfolding of this new chapter, one thing is certain – the future is bright with Mr. Olusegun Alebiosu at the helm.
