Guaranty Trust Holding Company Plc (GTCO) has announced significant changes to its board leadership, including the appointment of former Central Bank of Nigeria (CBN) deputy governor, Suleiman Barau, as its new chairman.
The changes were disclosed in a regulatory filing signed by the company secretary, Erhi Obebeduo, and follow the retirement of Hezekiah Oyinlola, who had served as chairman since GTCO's transition into a holding company. The company credited Oyinlola for playing a pivotal role in shaping its governance and long-term strategy.
Barau’s appointment is subject to regulatory approval. A seasoned financial expert, he previously served as deputy governor of the CBN and held advisory roles focused on banking reforms, payment systems, and monetary policy.
“We are honoured to have Mr Suleiman Barau assume the role of chairman,” said Segun Agbaje, Group Chief Executive Officer of GTCO. “His deep regulatory experience and proven leadership within the financial sector will be instrumental in guiding the board’s oversight as we execute our strategic intent.”
Also stepping down from the board is Helen Bouygues, an American business executive and independent non-executive director. GTCO lauded her contributions, highlighting her dedication and strategic insight during her tenure.
In her place, the board has appointed Babatunde Soyoye as an independent non-executive director. Soyoye is the co-founder and managing partner of Helios Investment Partners LLP, a London-based private equity firm focused on Sub-Saharan Africa. He brings over three decades of experience in investment and financial advisory services. His appointment has already received the nod of the CBN.
“We are pleased to welcome Mr Babatunde Soyoye to the board,” Agbaje added. “His extensive experience in strategic investment and driving growth across multiple sectors will be a great asset to the board’s deliberations and the company’s long-term success.”
The board changes mark a new chapter for GTCO as it continues to evolve its leadership to align with its strategic growth ambitions.
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