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Keystone Bank Adopts Directorate Structure to Revitalize Business

By on January 7, 2013

Keystone Bank Limited has embarked on a realignment of its corporate goals to enable it realise its objective.

The bank,  in a statement on Friday, said the Board also approved a new corporate structure, which was a hybrid of regional and functional components to drive business forcefully in 2013 and beyond.

The statement said, “The new structure will be supported by the executive directors of the bank as follows: Lagos and West Directorate, Mrs. Yvonne Isichei; Abuja and North Directorate, Mallam Shehu Abubakar; South Directorate, Mrs. Sally Uwechue-Mbanefo; and Operations and Technology Directorate, Mr. Ademola M. Adewale, while the Acting Managing Director/CEO, Dr. Shehu Muhammad, will remain the fulcrum of this highly responsive team.”

The bank also said the move was to deliver consistent superior performance and ensure that it remained focused in the New Year.

It also said it had promoted 16 senior employees in keeping with its culture of rewarding and celebrating commendable performances and excellence.

It added that it also provided the opportunity for about five per cent of its workforce to take advantage of early severance package.

It said, “The promotion of the senior staff follows similar exercise that elevated considerable percentage of other cadres of the bank’s staff in March, 2012.

“The promotion as approved by the Board is effective January 1, 2013 and affects senior members of staff that have shown consistent high performance during the period under review. The members of staff were eligible for this promotion as at July 31, 2012.”

Muhammad congratulated all the employees on the promotion list and encouraged them to remain inspired to deliver higher levels of performance.

“We also expect that the results of this corporate restructuring exercise will further reinforce and culminate in consolidating our performance culture and challenge all other members of staff to excel in their functions,” he added.