Stanbic IBTC Holdings appoints Kunle Adedeji as acting CEO

Stanbic IBTC Holdings Plc has appointed Kunle Adedeji as acting chief executive officer (CEO).

In a statement on Wednesday signed by Chidi Okezie, the company secretary, Stanbic IBTC said Adedeji will replace Demola Sogunle, who will retire on October 31.

Stanbic praised Sogunle for his contributions to the success of the group after 35 years of dedicated service.

“After almost 35 years of dedicated service, Dr. Sogunle has made significant impact on Stanbic IBTC as a Group, guiding the organisation through numerous challenges and achievements,” the company said

“The Board of Directors extends its profound gratitude for his unwavering commitment, visionary leadership, and significant contributions to the success of Stanbic IBTC Group over the years.”

Sogunle occupied various positions within the group, serving as the chief executive of Stanbic IBTC Pension Managers Limited from 2011 to 2015 before his appointment as deputy chief executive of Stanbic IBTC Bank Limited in December 2015.

In 2020, he became the CEO of Stanbic IBTC Holdings.

Commenting on the appointment of Adedeji, Stanbic IBTC said he is the current chief financial and value management officer of the company and will remain in the role throughout his time as acting CEO.

According to Stanbic IBTC, Adedeji has over 25 years of experience working within the banking sector.

“Following the retirement of Dr. Demola Sogunle, the Board has received regulatory approval to appoint Dr. Kunle Adedeji as acting chief executive of the company, with effect from 1 November 2024. Dr. Adedeji brings a wealth of experience and a strong track record of leadership within our organisation,” the company said.

“Adedeji, who was appointed as an executive director in 2019, is a seasoned financial expert with over 25 years in the banking sector.”

Stanbic IBTC said Adedeji holds a master of business administration (MBA) in finance from the University of Lagos and a doctor of business administration (DBA) from the SBS Swiss Business School, Switzerland.