Ecobank’s Nigeria Managing Director Quits

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SAN FRANCISCO, July 9, (THEWILL) – Ecobank Transnational Incorporated, the parent company of the Ecobank Group, Monday announced the resignation of Mr. Charles Kie, the managing director of Ecobank Nigeria Limited, its Nigerian arm.

The ETI, in a statement sent to the Nigerian Stock Exchange, said the Board will immediately activate the process of selecting his successor.

“The successful candidate will be announced before the end of August. Mr. Kie will continue to manage Ecobank Nigeria through the transition period to ensure a smooth handover to his successor,” it said.

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The Ecobank Group Chief Executive Officer, Mr Ade Ayeyemi, said, “As Charles prepares to leave the Ecobank Group, I would like to thank him for his immense contributions to the group. He has certainly laid a strong foundation at Ecobank Nigeria and we wish him well in his future endeavours.”

Kie was quoted as saying, “I am proud of what the team and I have achieved together, and I thank them for the good work and their unwavering commitment to Ecobank. I also extend my sincere appreciation to the board. Despite some of the market challenges that we faced over the years, our customers have always been loyal, and it is their patronage that makes the future brighter.”

The Board   Chairman, Ecobank Nigeria, Mr. John Aboh, also congratulated Kie for the good work he and his team had done, and said he looked forward to the bank sustaining and improving on this.

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