Ecobank Nigeria Shops for New Managing Director as Charles Kie Resigns

July 10, 2018
Ecobank Nigeria Shops for New Managing Director as Charles Kie Resigns

By Dipo Olowookere

Managing Director of Ecobank Nigeria Limited, Mr Charles Kie, has resigned from the financial institution nearly seven years after he joined the company as chief operating officer of the then Ecobank Capital.

Prior to his current role at Ecobank Nigeria, Mr Kie was the group executive, corporate and investment bank for Ecobank Transnational Incorporated, the parent company of the Ecobank Group.

In a statement issued on Monday to the Nigerian Stock Exchange (NSE), ETI said a successor to Mr Kie would be announced next month, but “Mr Kie will continue to manage Ecobank Nigeria through the transition period to ensure a smooth handover” to the new managing director.

Commenting on his resignation, Mr Kie said, “I am proud of what the team and I have achieved together, and I thank them for the good work and their unwavering commitment to Ecobank.

“I also extend my sincere appreciation to the board. Despite some of the market challenges that we faced over the years, our customers have always been loyal, and it is their patronage that makes the future brighter.”

Group Chief Executive Officer of Ecobank, Mr Ade Ayeyemi, said in the statement that, “As Charles prepares to leave the Ecobank Group, I would like to thank him for his immense contributions to the group. He has certainly laid a strong foundation at Ecobank Nigeria and we wish him well in his future endeavours.”

Chairman of the board of Ecobank Nigeria, Mr John Aboh, also congratulated Mr Kie for the good work he and his team had done, and said he looked forward to the bank sustaining and improving on this.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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