WEMA announces CEO’s retirement, appoints new MD/CEO

Ademola Adebise
Wema Bank has said that its Managing Director/CEO, Ademola Adebise will be proceeding on terminal leave from January 2, 2023, as he retires from the bank, after over 13 years of meritorious service on the bank’s board.
  
A statement by the bank said Mr. Moruf Oseni, currently the Deputy Managing Director, would succeed him subject to the approval of the Central Bank of Nigeria.
 

Adebise was appointed Managing Director/Chief Executive Officer of Wema Bank in June 2018. He joined the bank in June 2009 as an Executive Director, rising to become the Deputy Managing Director in 2015.
 
Under his leadership, he expanded the bank’s footprints to other locations in Nigeria, improving the bank’s performance, aside from spearheading the first dividend payment in 13 years.
 
The Chairman of the board, Mr. Babatunde Kasali, on behalf of the board and management, expressed profound gratitude to Adebise for his service, wishing him the best in his future endeavors.
  
The incoming CEO, Oseni, joined Wema Bank in June 2012 as an Executive Director.

He has over 25 years of experience with more than 16 years at senior and executive management levels. He was an Executive Director for six years and Deputy Managing Director in the last 4 years, demonstrating the capacity to lead the bank.
 
He presently has responsibility for the Digital Optimisation Directorate, which includes – digital, retail, treasury, operations, and technology divisions.
  
Also, Wole Akinleye, an Executive Director has been appointed as the new Deputy Managing Director. 


 

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