Fidelity Bank gets new Chief Executive as Okonkwo bows out in Dec 2020
The chief executive officer of Fidelity Bank, Nnamdi Okonkwo has signified his intention to retire from the lender by end of 2020 while the board has approved the appointment of Nneka Onyeali -Ikpe the current Executive Director as the managing director designate of the bank.
In a regulatory filing to the Nigerian Stock Exchange (NSE), the bank said Okonkwo will continue in his role as the MD/CEO until December 31, 2020, while Nneka Onyeali-Ikpe will assume office as the substantive MD/CEO on January 01, 2021.
The filing said the approval of the Central Bank of Nigeria (CBN) has been obtained for the changes at the top management level of the lender.
The Board has also approved the appointment of Mr. Kevin Ugwuoke, the current Chief Risk Officer of the Bank, as Executive Director, Chief Risk Officer, subject to the approval of the Central Bank of Nigeria.
Okonkwo was appointed to the Board of Fidelity Bank in April 2012 as an Executive Director and was subsequently appointed the MD/CEO on January 01, 2014.
He implemented a Digital-led Strategy which led to significant growth across key performance metrics and increased market share, with the Bank currently ranked 6th amongst Nigerian Banks on most performance indices, the statement said.
The Board expressed appreciation to Okonkwo for his significant contributions to the growth and development of the Bank during his tenure on the Board.
Nneka Onyeali -Ikpe was appointed to the Board of Fidelity Bank in 2015 as an Executive Director and currently oversees the Lagos and Southwest Directorate.
She led the transformation of the Directorate to profitability and sustained its impressive year-on-year growth across key performance metrics.