Guaranty Trust Bank, GTB, have concluded plans to announce a successor to its outgoing Managing Director/Chief Executive Officer, Mr. Segun Agbaje.
This was contained in a leaked memo stating that the bank has completed its selection process through an independent consultant.
While the bank may have a major management overhaul, it is not yet officially confirmed, as it awaits the Central Bank of Nigeria, CBN approval.
As sighted in the memo, at least four General Managers have been asked to leave.
It would be recalled that GTB had last year announced that Agbaje would be retiring from the bank after 10 years, this has paved the way for Miriam Olusanya to become the new MD of the bank.
Also, Agbaje announced last year that the search for his replacement had begun, as he was heading for the exit door by the fourth quarter of 2020.
Five months after his expected exit, the company has reportedly began to shake grounds by demanding for the resignation of six senior staff spread across different positions and departments.
“What we are looking for now is a managing director for Guaranty Trust Bank, Nigeria. The process has started and I have always told people that we have five executive directors, and so all of them are going through a process at the moment.
“We are working with a consulting firm in the United Kingdom. We are looking at what we think the future would hold and what we think the Nigerian banking industry would look like.
“At the end of the process – which would end at the beginning of the fourth quarter – we will have a managing director for GTBank Nigeria. So, we are on track. So, succession in GTBank Nigeria is well under control,” Agbaje explained.
The memo further projects the new structure of the bank under a Holdco, bringing in new appointments with John Thomas to become the Managing Director, of GTB West Africa, with Bayo Vera Cruz as MD, East Africa.
Angela Koech will also be the Regional Chief Financial Officer, East Africa, and Caleb Osei, Regional Chief Financial Officer, West Africa.
Others are Olumide Oguntuase, Divisional Head, ERM; Olayinka Odusote, Divisional Head, Digital Banking; Osa Aimerioghene, CCO Compliance Group; Muinat Lanre Kasim, Divisional Head, Syscom, and Ijeoma Esemudje, Divisional Head, Corporate Banking/Mainland/Agric.