Fidelity Bank declares retirement of 4 directors, appointment of new directors

Fidelity Bank Plc has declared the retirement of four directors (one Executive and three Non-Executive Directors) and the subsequent appointment of three new Non-Executive Directors to replace outgoing Board Members.

This is contained in a statement signed by the Bank’s Secretary, Ezinwa Unuigboje, and made available to the Nigerian Stock Exchange Market.

Mrs. Aku Odinkemelu, Executive Director Commercial and Consumer Banking, South Directorate, who was appointed to the Board on August 4, 2014, notified the Board on October 30, 2020 of her intention to take early retirement and will retire from the Board on December 31, 2020.

Odinkemelu’s retirement comes after playing a defining role in the transformation of the Bank, having covered the Commercial, SME, Consumer and Public Sector businesses of Fidelity Bank in the South-East and South-South regions.

She provided leadership for 90 business offices within the 11 states under her purview, with her directorate accounting for 31 per cent of deposits and 21 per cent of loans.

The other three Non-Executive Directors that will be retiring are; Chief Charles Umolu, who completed his tenure and retired from the Board on December 16, 2020; Mr. Michael Okeke, who also completed his tenure and retired on December 18, 2020; and Mr. Alex Ojukwu, who will retire on December 31, 2020 at the expiration of his tenure.

Also, Fidelity Bank Plc also announced the appointment of three Non-Executive Directors to replace outgoing Board members. The newly appointed Non-Executive Directors are;

Mrs Amaka Theodora Onwughalu is an experienced banking expert with over three decades of experience, having served in various capacities and financial institutions.

She is an alumna of the University of Buckingham and Leeds Metropolitan University, both in the United Kingdom, where she obtained a Bachelors and Master’s degree in Economics and Corporate Governance respectively.

Mr. Nelson Chidozie Nweke currently serves as the Managing Director of Neilville Nigeria Limited and had an extensive career in the financial services sector.

He is an alumnus of the University of Ibadan, where he obtained a Bachelors and Master’s degree in Political Science and Industrial and Labour Relations respectively.

Mr. Chinedu Okeke has over a decade experience in a succession of blue-chip companies, which includes Guinness Nigeria Plc, Lafarge, and General Electric, amongst others.

He holds a B.Eng. Degree in Electronic Engineering from the University of Nigeria, Nsukka (UNN) and an MBA from Imperial College, London