At a ceremony on Saturday to mark the official handover, the outgoing MD, Eke handed over the FBN Holdings’ pennant to Okonwko, which means a transfer of power, wishing him successful leadership of the financial institution.
FBN Holdings which is the parent company of Nigeria’s oldest bank, First Bank announced Okonkwo’s appointment on October 28.
While Eke’s tenure terminates on December 31, 2021, Okonkwo’s appointment takes effect from January 1 next year.
READ ALSO: Nnamdi Okonkwo Takes Over As FBN Holdings MD
The FBN management had said in a statement that Okonkwo’s appointment was based on his excellent performance and wealth of experience in transformational leadership and innovative business and corporate governance in the financial sector, which the management hopes that he would bring on board to lead the company to a greater height.
Okonkwo has had more than three-decade career experience in the banking sector.
READ ALSO: FBN Holdings MD Retires
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