Business Hilights
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Kie, outgoing Ecobank Nigeria MD on transition till August ending—ETI

The Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has explained that following the announcement of the resignation of Mr. Charles Kie as the managing director of Ecobank Nigeria Limited, he will continue to run a transition administrating till August when a new substantive MD will be announced.

In a terse statement, notifying the Nigerian Stock Exchange (NSE) on the development, the Board said it will immediately activate the process of selecting a successor, stressing that “The successful candidate will be announced before the end of August. Mr Kie will continue to manage Ecobank Nigeria through the transition period to ensure a smooth handover to his successor.”

According to the statement, the Board will immediately activate the process of selecting a successor.

ETI averred that “The successful candidate will be announced before the end of August. Mr Kie will continue to manage Ecobank Nigeria through the transition period to ensure a smooth handover to his successor.”

Ecobank Group Chief Executive Officer, Mr Ade Ayeyemi, said, “As Charles prepares to leave the Ecobank Group, I would like to thank him for his immense contributions to the group. He has certainly laid a strong foundation at Ecobank Nigeria and we wish him well in his future endeavours.”

Business Hilights gathered that before his current role at Ecobank Nigeria, Kie was the group executive, corporate and investment bank for ETI, having joined Ecobank in October 2011 as chief operating officer of the then Ecobank Capital.

He was subsequently appointed the head of the group’s corporate banking business.

Kie whose last public official event was the reception of the 11-year old, Olamilekan, who the bank empowered to do an artwork showing when French President visited New Africa Shrine said “I am proud of what the team and I have achieved together, and I thank them for the good work and their unwavering commitment to Ecobank. I also extend my sincere appreciation to the board. Despite some of the market challenges that we faced over the years, our customers have always been loyal, and it is their patronage that makes the future brighter.”

In his remarks, the Board Chairman, Ecobank Nigeria, Mr. John Aboh, congratulated Kie for the good work he and his team had done, and assured that emerging management will strive to improve on his feats.