Ecobank Rejigs Board; Brings in Donkor, Monnakgotla
By Modupe Gbadeyanka
Pan-Africa financial institution with presence in over 30 countries of the continent, Ecobank Transnational Incorporated (ETI), has announced a slight change in the composition of its board of directors.
A statement issued by the Lomé-based parent company of the Ecobank Group said it has brought in two new persons to its board, who are expected to use their expertise to take the firm to greater heights.
The two new additions to the Ecobank board are Dr. Georges Agyekum Nana Donkor and Mrs Zanele Monnakgotla. They are both coming in as non-executive directors.
It was explained in the statement that Dr Donkor is replacing Mr Bashir Mamman Ifo as the representative of Ecowas Bank for Investment & Development (EBID) on the Board of Ecobank.
The appointee was recently appointed President of EBID following the retirement of his predecessor Mr Bashir Ifo.
Dr Donkor is a lawyer, banker and marketing consultant with over 25 years’ experience in Senior Management capacities across several fields such as Finance, Strategic Management, Marketing, Legal, Compliance and Administration.
On her part, Mrs Monnakgotla is a nominee of the Public Investment Corporation (PIC) of South Africa on the board.
She has over 20 years’ public and private sector experience in Structured Finance and Strategy. She is replacing Dr Daniel Matjila who resigned from the ETI Board when he left his role as Chief Executive Officer of PIC.
Commenting on the changes, Chairman of the board of Ecobank, Mr Emmanuel Ikazoboh, stated that, “We must first of all, sincerely express our appreciation to Mr Ifo and Dr Matjila for their contributions on the board and their tireless dedication to the Ecobank Group.
“We know that they will always remain members of the Ecobank family.
“As we formally bid them farewell, I do warmly welcome, both Dr Donkor and Mrs Monnakgotla and believe that their respective expertise would be most beneficial to the board.”