Fidelity Bank Plc has announced new board appointments in
place of some of its outgoing directors, who recently completed their tenure on
the Board in accordance with the bank’s internal governance policies.
Aku Odinkemelu, Executive Director, South Directorate, who
was appointed to the Board on August 4, 2014, will be retiring by December 31,
2020.
As executive director, Mrs Aku played a defining role as a
member of the transformation team in Fidelity Bank over the last six plus
years.
Her responsibilities covered the Commercial, SME, Consumer
and Public Sector businesses of Fidelity Bank in the South East and South-South
Regions of Nigeria and she provided leadership for 90 business offices within
the 11 States under her purview, with her Directorate accounting for 31% of
deposits, and 21% of Loans.
In addition, the South Directorate under her supervision
generated the highest PBT in the bank over the last 5 years 2015 – 2019,
contributing over 23% of the total bank’s profit over the period.
Charles Umolu, non-executive director, completed his tenure
and retired from the Board on December 16, 2020. He served on the Board Risk,
Credit, Finance & General Purpose, Audit and Corporate Governance
Committees and chaired the Board Credit Committee until he retired.
Michael Okeke, also a non-executive Director, successfully
completed his tenure and retired on December 18, 2020. He was a member of
various Board Committees including the Board Corporate Governance Committee,
which he chaired from October 2018 to December 2019.
Another non- executive Director, Alex Ojukwu, will complete
his tenure and retire by December 31, 2020. He currently serves on the Board
Credit, Risk, Audit and Corporate Governance Committees and chairs the Board
Risk Committee.
The Board expresses its profound appreciation to the
outgoing executive and non-executive directors for their impressive
contributions to the growth and development of the Bank.
“Fidelity Bank is privileged to have benefited from the
combined experience and expertise of these very accomplished Lady and
Gentlemen. We thank them for their service to the Bank and wish them the very
best in their future endeavors” said Mustafa Chike-Obi, Chairman, Fidelity Bank
Plc.
In place of the retired and outgoing non-executive
directors, the Board is pleased to announce the appointment of Amaka Theodora
Onwughalu, Nelson Chidozie Nweke and Chinedu Eric Okeke as non-executive
directors. The appointments of Mrs Onwughalu and Mr Nweke have been approved by
the Central Bank of Nigeria (CBN) whilst that of Mr. Okeke is awaiting CBN
approval.
Amaka Theodora Onwughalu |
She served in executive management positions in different
institutions and was the former Group Managing Director of legacy Mainstreet
Bank Limited where she led the successful execution of a seamless integration
of the bank with Skye Bank Plc where she served as Deputy Managing Director
until her retirement in July 2016.
She is currently the Chief Executive Officer of Blueshield
Financial Services Limited and holds a BSc Degree in Economics from the
University of Buckingham, an MSc Degree in Corporate Governance from Leeds
Metropolitan University, United Kingdom and an MBA from the University of Port
Harcourt, Nigeria. She gained further exposure and training at the Executive
Business School, INSEAD, France; IMD Business School, Lausanne, Switzerland; Judge
Business School, University of Cambridge; and Columbia Business School, USA.
Mrs. Onwughalu is a Senior Fellow of the Institute of
Internal Auditors of Nigeria; a Fellow of the Institute of Credit
Administration (ICA); a Member of the Nigeria Institute of Management (NIM); an
Honorary Member of the Chartered Institute of Bankers of Nigeria (CIBN); and a
Fellow of the Institute of Directors (IoD). She is passionate about mentoring
the Girl Child and committed to supporting women entrepreneurs/professionals to
contribute their quota to stimulating economic development in Nigeria.
She is a Paul Harris Fellow and recipient of various
prestigious awards including the National Merit Award for Accountability and
Transparency (NMAT), the Award of Excellence and Distinction for Financial
Management (AEDFM) and the Vocational Service Award (VSA) from the Rotary Club,
Enugu.
Nelson Nweke |
Mr Nweke is an associate member of the Chartered Institute
of Stockbrokers (CIS), Member Chartered Institute of Personnel Management
(CIPM) and Nigeria Institute of Management (NIM). Prior to joining the Board of
Fidelity Bank, Mr Nweke had previously served as a Non-Executive Director of
Premium Pension Limited and was a member of the Governing Council of Anambra
State Investment Promotion and Protection Agency between 2014 and 2018. He is
presently an Independent Non-Executive Director at Berger Paints PLC.
Mr. Chinedu Eric Okeke |
Mr. Okeke has held executive and senior management positions
in various climes, with direct responsibility for teams of diverse and
multicultural professionals and demonstrated ability to develop and maintain
strategic client relationships and deliver quality results under complex
conditions. He holds a B.Eng. Degree in Electronic Engineering from the
University of Nigeria, Nsukka (UNN) and an MBA from Imperial College, London.
He has attended executive training programmes at various premier institutions
including Gordon Institute of Business Science, South Africa; INSEAD, France;
Graduate School of Business, Stanford, USA, College of Management, Georgia
Institute of Technology, USA and GE John F. Welch Leadership Development
Centre, USA.
The Board is pleased with the appointments and confident
that the new Directors will bring their considerable experience to bear in the
bank’s growth trajectory. “We are very delighted to welcome the newly appointed
Directors to the Fidelity family. These appointments end the on-going board
realignment, occasioned by the retirements that had to happen, in line with our
governance policies. We look forward to leveraging on the multi-disciplinary
experiences of Amaka, Nelson and Chinedu in executing the next growth phase of
Fidelity Bank,” Mr Chike-Obi said.
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