The Board of Directors of Stanbic IBTC Holdings has announced the appointment of Dr. Kunle Adedeji as Acting Chief Executive Officer, following regulatory approval.

This announcement was made in a press release issued to the Nigerian Exchange (NGX) on October 2, 2024, and signed by the company secretary, Chidi Okezie.

Dr. Adedeji’s appointment comes following Dr. Demola Sogunle’s upcoming retirement as Chief Executive, effective October 31, 2024, after 35 years of dedicated service.

The company acknowledged Dr. Sogunle’s significant contributions in the press release, stating, “The Board of Directors expresses its heartfelt gratitude for his unwavering commitment, visionary leadership, and pivotal role in steering Stanbic IBTC through various challenges and milestones.”

Dr. Kunle Adedeji is set to officially take on the role of Chief Executive on November 1, 2024.

Dr. Kunle Adedeji is a highly accomplished financial professional with an impressive track record spanning over 25 years in the banking sector.

His extensive experience encompasses a wide array of roles that have equipped him with a profound understanding of financial management and institutional operations.

In terms of academic credentials, Dr. Adedeji holds a bachelor’s degree in accounting, which laid the foundation for his career in finance. He furthered his education by obtaining a Master of Business Administration (MBA) with a specialization in finance from University of Lagos.

Additionally, he achieved a Doctorate in Business Administration from the SBS Swiss Business School in Switzerland.

Professionally, Dr. Adedeji is recognized as a Fellow of the Institute of Chartered Accountants of Nigeria, as well as the Chartered Institute of Bankers of Nigeria.