Fidelity Bank Plc has notified The Nigerian Stock Exchange of the impending retirement of three of its Executive Directors, namely:
• Mrs. Onome Olaolu, Executive Director, Risk
• Mr. John Obi, Executive Director, Corporate
• Mr. I.K. Mbagwu, Director, Lagos and South West.
According to the Bank, Mrs. Onome Olaolu and Mr. John Obi will retire on 30th June, 2015 while Mr. I.K. Mbagwu has indicated his intention to proceed on early retirement with effect from 31st July, 2015. The retirements are in accordance with the Bank’s Human Capital Policy and predicated on attainment of retirement age by the said Executive Directors. The retirements have been approved by the Board of Directors. The Bank had earlier appointed a new Chief Risk Officer to understudy the out-going Executive Director, Risk and it has concluded the appointment process on successors to the other executive positions.