Fidelity Bank Announces Retirement of 3 Executive Directors

Fidelity Bank Plc on Tuesday announced the retirement of three of its Executive Directors from the institution.

The bank announced the retirements in a notice to the Nigerian Stock Exchange.

It named the directors as Onome Olaolu, Executive Director, Risk, John Obi, Executive Director, Corporate, and I.K Mbagwu, Executive Director Lagos and South West.

The bank said that Olaolu and Obi’s retirements would take effect on Tuesday, while Mbagwu would proceed on early retirement with effect from July 31.

“The retirements are in accordance with the bank’s human capital policy and predicated on attainment of retirement age by the said executive directors,’’ the bank said.

It said that the retirements had been approved by its Board of Directors.

In the notice, the bank, said that it had earlier appointed a new Chief Risk Officer to understudy the out-going executive director.

The bank said it had concluded the appointment process for successors to the other executive positions.