The Board of Polaris Bank Limited and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, have announced the appointment of Mr Innocent Ike, as the Acting Managing Director/CEO of Polaris Bank Limited, effective September 1.
Mr Babatunde Osibodu, the Company Secretary, said in a statement on Saturday in Lagos, that the appointment was in line with a culture of good corporate governance and succession planning.
Osibodu said that the board had announced that the Managing Director/CEO of Polaris Bank Limited, Mr Tokunbo Abiru, would be proceeding on retirement with effect from August 31.
He said Abiru had successfully completed his two terms of two years each, first as Group Managing Director/CEO, Skye Bank Plc and Managing Director/CEO Polaris Bank Limited.
“The incoming Acting Managing Director/CEO was until now the Executive Director, Technology and Services while also overseeing the South-South/South East Directorate of the Bank.
“Accordingly, not only has he been a pivotal part of the Bank since July 2016, but a major driver of the Corporate Transformation journey.