STANBIC IBTC Holdings Plc alongside its Board of Directors has announced the appointment of Mrs Olusola David-Borha as the Chairman of the Board, effective September 26, following the receipt of all necessary regulatory approvals.
Mrs Sola David-Borha succeeds Mr Basil Omiyi as Chairman following Mr Omiyi’s retirement as a Non-Executive Director and Chairman on May 16.
Mrs Sola David-Borha had previously served as Chief Executive Officer of Standard Bank, Africa Regions. Prior to that, she had also served as Chief Executive Officer of Stanbic IBTC Holdings and Stanbic IBTC Bank.
Mrs Sola David-Borha has had an extensive career in the financial services industry spanning over 35 years. Her executive educational experience includes the Advanced Management Programme of Harvard Business School and the Global CEO Program of CEIBS, Wharton and IESE.
She is an honourary senior member of the Chartered Institute of Bankers of Nigeria and the CNBC African Woman of the Year Award 2016 winner.
The Board is confident that Mrs Sola David-Borha’s leadership will drive Stanbic IBTC Group’s growth strategy.
This is coming barely four months after Standard Bank Group Limited announced the retirement of Mr Atedo Peterside as non-executive director of the financial institution listed on the Johannesburg Stock Exchange (JSE).
The retirement of the founder and Chairman of Stanbic IBTC Holdings Plc comes after 35 years of active service at the financial institution.
In a filling on the JSE dated April 18, 2024 by the parent company, Standard Chartered Bank, the lender disclosed that Dr Xueqing Guan and Mr Atedo Peterside would retire as directors at the conclusion of the Annual General Meetings (AGMs) of Standard Bank Group and The Standard Bank of South Africa Limited (SBSA). The AGM was held on May 23, 2024.
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