Effects of New Board Appointments on FBN Holdings PLC

FBN Holdings Plc, yesterday announced new Board appointments in the FBN Holdings Group, effective July 19 2016. The appointments have been approved by the Board of Directors, but remain subject to all necessary regulatory approvals.

Ms. Cecilia Akintomide and Mrs. Oluwande Muoyo are joining the Board of FBN Holdings Plc, while Mrs. Titi Adebiyi and Alhaji Yusuf Modibbo join the Board of FBN General Insurance Limited, all as Independent Non-Executive Directors.

Other appointments in the group have Mr. Akin Osinbajo and Mr. Babatunde Odunayo join the Board of FBN Merchant Bank Limited while Mr. Folarin Alayande joins the Board of FBN Insurance Brokers Limited respectively, all as Non-Executive Directors.

FBN holdings said the appointments are consistent with the FBN Holdings Group corporate governance, risk management, efficiency, diversity and sustainability outlook, enabling the Group to take advantage of the synergies from its globally experienced Board members for the benefit of its wide array of customers and other stakeholders.

While announcing the appointments, Dr. Oba Otudeko, Group Chairman, FBN Holdings Plc, said: “These appointments are meant to deepen the corporate governance, insight and strategic decision making of the Boards in our Group, while extending value for our customers, shareholders, employees and other stakeholders in a sustainable manner.”

‘With these Board appointments, the FBN Holdings Group is poised to continue the drive to deepen its foothold across Africa, whilst maintaining presence in various regions of the world.”

Source: Allafrica.com