The Board of Directors of Fidelity Bank Plc has approved the appointment of Mrs. Nneka Onyeali-Ikpe, the current Executive Director, Lagos and South West Directorate as the MD/CEO Designate, following the approval of the Central Bank of Nigeria (CBN) on the appointment.
The appointment came following the impending retirement of Mr. Nnamdi Okonkwo, the bank’s Managing Director, who will be stepping down from the Board on December 31, 2020, upon completion of his contract tenure, in line with the bank’s governance policies.
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In addition, the Board 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 CBN.
Making clarifications on the changes in the bank’s top management, the Chairman Board of Directors Mr. Ernest Ebi said, “to ensure a smooth and successful transition, Nnamdi 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 by January 1, 2021.”
He commended the MD/CEO for his significant contributions to the growth and development of the bank. “Fidelity Bank has enjoyed a very stable leadership since inception. These appointments underscore the bank’s robust human capital capabilities, governance and succession policies.
“We thank Nnamdi not only for his sterling performance but also for nurturing the new team and the current crop of leaders to continue to steer the bank on its growth trajectory” he stated.
Mr. Nnamdi Okonkwo was appointed to the Board of Fidelity Bank in April 2012 as an Executive Director and was subsequently appointed the CEO on January 01, 2014.
He implemented a Digital-led Strategy which led to significant growth across key performance matrix and increased market share, with the Bank currently ranked 6th amongst Nigerian banks on most performance indices.
