New management set to take charge at GT Bank as list of appointment and exit leaks-Report

A major management restructuring is at the final stages of completion at Guaranty Trust Bank, one of Nigeria’s most respected commercial banks.

A report by Nairametrics said that a clean sweep of top management staff members above the age of 45 had been effected “as current maverick MD/CEO Segun Agbaje prepares to retire as MD/CEO of the bank and proceed as MD/CEO of the bank’s Holding Company.”

Segun Agbaje is expected to leave following the end of his 10-year tenure as Managing Director of the bank.

According to multiple sources, the bank was set to announce Miriam Olusanya as its new Managing Director.

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The Central Bank, as learnt, had already been notified and a formal announcement could be made anytime soon.

In an internal memo dated April 28, 2021, Thomas John has been appointed Managing Director of GTB West Africa while Bayo Veracruz has been appointed Managing Director of GTB East Africa.

Others were Olayinka Odusote as Divisional Head, Digital Banking, an important position considering the bank’s ambition to transform into a full-fledged digital bank.

Ijeoma Esemudje was appointed Divisional Head Corporate Bank Mainland & Agric.

As part of the management restructuring already in effect, two of the oldest and revered Executive Directors of the bank had already been asked to retire after illustrious years of service to the bank.

Nairametrics also reported that four General Managers out of nine had also been asked to exit the bank, paving the way for younger executives mostly under the age of 45 to take charge.

A list of appointments and exits purportedly approved by the board is already being circulated across several social media groups on WhatsApp and Telegram.

Nairametrics reported that it Coul not confirm the authenticity of the list and that although officials at the bank did not confirm the list, they stated that a press release would soon be made to announce the appointments.