Stanbic IBTC Holdings Plc has appointed Kunle Adedeji as the acting Chief Executive Officer (CEO) following the retirement of Demola Sogunle, the company announced on Wednesday. Sogunle, who has served Stanbic IBTC for nearly 35 years, will retire on October 31, 2024.
The announcement, signed by Chidi Okezie, the company secretary, praised Sogunle for his remarkable contributions to the growth of Stanbic IBTC Group.
“After almost 35 years of dedicated service, Dr. Sogunle has made significant impact on Stanbic IBTC as a Group, guiding the organisation through numerous challenges and achievements,” the statement read.
“The Board of Directors extends its profound gratitude for his unwavering commitment, visionary leadership, and significant contributions to the success of Stanbic IBTC Group over the years.”
Sogunle has held various positions within the group, including CEO of Stanbic IBTC Pension Managers Limited from 2011 to 2015, and deputy CEO of Stanbic IBTC Bank Limited in 2015. He became the CEO of Stanbic IBTC Holdings in 2020.
Adedeji, who is currently the Chief Financial and Value Management Officer, will assume the acting CEO role from November 1, 2024. Stanbic IBTC noted that Adedeji’s over 25 years of experience in the banking sector and his strong leadership within the organisation make him well-suited for the role.
“Dr. Adedeji brings a wealth of experience and a strong track record of leadership within our organisation,” the company said.
Adedeji holds an MBA in Finance from the University of Lagos and a Doctor of Business Administration (DBA) from the SBS Swiss Business School in Switzerland.
