Wema Bank Plc on Monday announced the appointment four new persons to its board.
according to the announcement, Mrs. Abolanle Matel-Okoh, Mr. Babatunde Kasali, Mrs. Folake Sanu and Mr. Wole Akinleye have been board as directors of the board.
While Matel-Okoh and Kasali are to serve as non-executive directors; Sanu and Akinleye were appointed as executive directors.
The appointment brings to 14, the number of directors on the board according to a statement from the bank, adding that it reflects an indication of its continued commitment to the sustenance of good corporate governance and adequate gender representation as well as the bank’s desire to sustain its remarkable growth into the foreseeable future.
The bank’s Managing Director, Segun Oloketuyi, believes that the four new board members would bring quality that would bolster the bank’s performance.
representation to the board as well as support the management of the bank in its drive to build upon its recent achievements whilst positioning itself for further growth.
He also thanked the outgoing director, Mr. Ramesh Hathiramani for his immense contributions and value he brought to bear during his time on the Board.
The new directors come with over 10 decades of combined experience and have made significant contributions to the banking industry and the growth of the nation’s economy.
Established in 1945, Wema Bank, Nigeria’s oldest surviving indigenous bank, offers financial advisory services and a range of product and services in retail & SME banking, commercial & corporate banking, electronic banking and treasury to its customers.
With over 20 years of cognate banking experience, Akinleye was until his appointment was responsible for co-ordinating Business Development Activities in the Lagos Region of Wema Bank.
On the other hand, Sanu is an astute finance professional and banker of repute with over 32 years working experience in banking, professional accounting and auditing practice. Prior to joining Wema Bank, Sanu was Chief Financial Officer and later, Chief Compliance Officer of Sterling Bank where she was instrumental to the successful merger of five different banks to form Sterling Bank.
Similarly, Kasali was described as a consummate professional with over three decades of experience in audit, risk management and compliance. He was until his appointment, Managing Director of the Resolution and Restructuring Company Limited – a subsidiary of the Asset Management Company of Nigeria.
In the same vein, Matel-Okoh is an attorney with over 20 years of experience in Nigeria and the United States of America and a member of the Nigerian Bar and the New York State Appellate Division, Third Department Bar.
