Nigeria's Fidelity Bank has said three of its top directors would bow out of the institution at the end of June and July, the bank said on Tuesday.
Fidelity Bank in a notice to the Nigerian Stock Exchange (NSE) said the executive directors who will be retiring from the service of the bank are its Executive Directors Risk 2, Mrs. Onome Olaolu, Executive Director, Corporate 3, Mr. John Obi and Executive Director Lagos and South West, Mr. IK Mbagwu, Director.
According to the Bank, Olaolu and Obi will retire today (June 30,), while Mbagwu has indicated his intention to proceed on early retirement with effect from July 31.
"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," Fidelity Bank said.
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.
According to the Bank, Olaolu and Obi will retire today (June 30,), while Mbagwu has indicated his intention to proceed on early retirement with effect from July 31.
"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," Fidelity Bank said.
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.
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