Mrs Olusola David-Borha has been named Chairman of the Board by the Stanbic IBTC Holdings Plc Board of Directors.
This was stated in the notice that the company sent to the Nigerian Exchange Limited (NGX).
The announcement states that the appointment will take effect on 26th September 2024, provided all necessary regulatory approvals are received.
After Mr Basil Omiyi retires on 26th May 2024, as Chairman and Non-Executive Director, Mrs Sola David-Borha assumes the role of Chairman.
According to the statement signed by the Company Secretary, Chidi Okezie, Olusola David-Borha had previously served as Chief Executive Officer of Standard Bank, Africa Regions. Before that, she had also served as Chief Executive Officer of Stanbic IBTC Holdings and Stanbic IBTC Bank.
Sola David-Borha has had an extensive career in the financial services industry, spanning over 35 years.
Her executive educational experience includes the Advanced Management Programme of Harvard Business School and the Global CEO Programme of CEIBS, Wharton and IESE.
She is an honorary senior member of the Chartered Institute of Bankers of Nigeria and winner of the CNBC African Woman of the Year Award for 2016.
The Board noted that it is confident that Sola David-Borha’s leadership would be instrumental in driving the growth strategy of Stanbic IBTC Group.