By Uzoma Akobundu
Mosun Belo-Olusoga, chairman of Access Bank Plc has retied. Her retirement is effective from January 8, 2020.
Dr. Ajoritsedere Awosika, who joined the board in April 2013 as an independent non-executive director, will succeed Belo-Olusoga, according to the bank.
Belo-Olusoga
Access Bank announced the changes in a statement released on Tuesday in a notification to the Nigerian Stock Exchange (NSE).
“Mrs. Belo-Olusoga has confirmed that she has no disagreement with the board,” the bank said.
The statement explained that there are no issues relating to Belo-Olusoga’s that needed to be brought to the attention of the shareholders or regulatory authorities.
Instead, the bank said Belo-Olusoga’s resignation follows her completion of the maximum 12-year term limit allowed by the Central Bank of Nigeria (CBN) for banks and discount houses.
The 1979 University of Ibadan graduate became the chairman of Access Bank Board of Directors in July 2015, succeeding Gbenga Oyebode.
Awosika is a fellow of the Pharmaceutical Society of Nigeria (PSN) and the West African Postgraduate College of Pharmacy (WAPCP).
She holds a doctorate degree in pharmaceutical technology from the University of Bradford, United Kingdom.