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Wema Bank Plc. has announced the retirement of its Managing Director/CEO, Ademola Adebise, who will be succeeded by Moruf Oseni, currently the Deputy Managing Director.
Adebise will be proceeding on terminal leave from January 2nd, 2023, after over 13 years of meritorious service on the Board of the Bank.
The bank also announced the appointment of Wole Akinleye, an Executive Director as Deputy Managing Director and Tunde Mabawonku as Executive Director.
Adebise was appointed as the Managing Director/Chief Executive Officer of Wema Bank Plc in June 2018.
The Chairman of the Board, Mr. Babatunde Kasali on behalf of the Board and Management expressed its profound gratitude to Ademola for his service and wish him the best in his future endeavors.
The new CEO Oseni will have his work cut out for him as Wema Bank Plc, has one of the highest cost-to-income-ratios (CIR) as it is spending more money to earn every single Naira, MoneyCentral’s analysis shows.