Stanbic IBTC Elects Kunle Adedeji As Acting CEO

Stanbic IBTC Holdings Plc has announced the appointment of Dr. Kunle Adedeji as acting Chief Executive Officer (CEO), following the retirement of Dr. Demola Sogunle, who will step down from his role on October 31, 2024.

The announcement was made in a statement released recently, signed by Mr. Chidi Okezie, the company’s secretary.

The Board of Directors expressed profound gratitude to Dr. Sogunle for his remarkable 35 years of service, which saw him steer the company through several challenges and achievements.

“After almost 35 years of dedicated service, Dr. Sogunle has made a significant impact on Stanbic IBTC as a Group, guiding the organisation through numerous challenges and achievements,” the statement read.

Dr. Sogunle has held several key positions within the Stanbic IBTC Group over the years, including his tenure as CEO of Stanbic IBTC Pension Managers Limited from 2011 to 2015. He was later appointed deputy chief executive of Stanbic IBTC Bank Limited in December 2015, before becoming CEO of Stanbic IBTC Holdings in 2020.

As Dr. Sogunle prepares to retire, Stanbic IBTC appointed Dr. Adedeji, the current Chief Financial and Value Management Officer, as acting CEO. Dr. Adedeji will maintain his current role while serving as interim CEO. The company noted that Dr. Adedeji’s appointment received regulatory approval and will take effect from November 1, 2024.

“Dr. Adedeji brings a wealth of experience and a strong track record of leadership within our organisation,” the company noted, highlighting his over 25 years of experience in the banking sector.

Dr. Adedeji, who became an executive director at Stanbic IBTC in 2019, holds an MBA in Finance from the University of Lagos and a Doctor of Business Administration (DBA) from the SBS Swiss Business School in Switzerland.

This leadership transition marks a significant moment for Stanbic IBTC as it continues its mission of providing innovative banking and financial services across Nigeria.