Jeremy Awori Takes Over From Ade Ayeyemi As Ecobank’s CEO

Ade Ayeyemi has retired from his post as the Chief Executive Officer of Ecobank Transnational Incorporated (ETI), a position he occupied for seven years.

Ayeyemi’s retirement gave way for Jeremy Awori to take over the CEO seat on Wednesday, 1 March 2023, a corporate document dated Thursday, 2 March 2023, and obtained by Prime Business Africa disclosed. 

It was learnt that Ayeyemi retired as CEO after attaining the retirement age of 60. He was appointed in September 2015 to lead the pan-African financial institution. 

In the document sent to shareholders and the investing public, the chairman of Ecobank Group, Alain Nkontchou, said the board supported Awori’s appointment. 

Nkontchou said Awori is a result-oriented effective leader with extensive knowledge of the African banking landscape, which will contribute to the growth of Ecobank. He has 25 years of experience in the banking industry, including close to a decade serving as CEO and Managing Director of Absa Bank Kenya Plc.

“Jeremy Awori’s exceptional and proven qualities as a result-oriented effective leader with an extensive knowledge of the African banking landscape, make him the ideal choice to steer the growth of the Ecobank Group through the current era of rapid global and continental changes,” Nkontchou said. 

Speaking on his appointment and resumption, Awori said: “It’s a fantastic opportunity to take Ecobank to the next level of its growth strategy. Despite current global challenges, Africa offers promising prospects. Ecobank is uniquely positioned to provide systematic change across the banking sector at a pan-African level, using the geographic footprint it has already established. 

“Through our single gateway platform, we are well-positioned to provide the necessary financial products and solutions for countries, corporates, and SMEs to capitalize on the continent’s vast resource, trade and investment opportunities. We also provide relevant, accessible, and affordable financial services that address the evolving needs of a vibrant, youthful, and entrepreneurial continent. Ecobank’s brand and heritage, continue to be a source of pride.”