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GTBank appoints Oyinlola Non-executive Director

By BusinessNews Staff on June 28, 2014

Guaranty Trust Bank Plc (GTBank) has announced the appointment of Mr. Hezekiah Sola Oyinlola as a Non- executive Director.

Oyinlola replaces Mrs. Stella Okoli on the bank’s board of directors following her recent retirement in compliance with the bank’s code of corporate governance which stipulates a retirement age of 70 years for directors of the bank.

“Oyinlola is a seasoned professional with over 30 years of experience in the oil and gas industry, having worked at Schlumberger Group since 1984. He has held multiple senior roles on the management team and was the first Nigerian Managing Director of Schlumberger Group in Nigeria. In 2011 Mr. Oyinlola was appointed to his current position as Chairman of Africa Schlumberger Group,” the bank explained in a statement.

The Managing Director, GTBank, Mr. Segun Agbaje described the appointment as a demonstration of the bank’s commitment to the sustenance of good corporate governance and succession plan.

He noted that the bank is pleased to have appointed Oyinlola, whom he described as a seasoned professional with a proven track record to this position.

“All of us at Guaranty Trust Bank wish him the very best in his new position,” he added.

However, Oyinlola’s appointment has been approved by the Central Bank of Nigeria in compliance with the corporate governance standards.

“Guaranty Trust Bank Plc was established in 1990 and has within the last 24 years come to be recognised as one of the most innovative and service focused banks in the Nigerian financial market space. The Bank operates from over 230 business locations in Nigeria and banking subsidiaries in Cote D’IvoireGambia,Ghana, Kenya, Liberia, Rwanda, Sierra Leone,
Uganda andthe United Kingdom,” the statement added.

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