Massive shake-up in GTbank as race for new CEO hots up

A major management restructuring is at the final stages of completion at Guaranty Trust Bank, one of ’s commercial banks as the MD/CEO, Segun Agbaje prepares to retire and proceeds as MD/CEO of the bank’s Holding Company.

GTBank board, which Agbaje heads, has been paving the way by reportedly forcing the of some executive directors had been mentioned to be in the race for Agbaje’s seat.

As part of the management restructuring already in effect, of the oldest and revered Executive Directors of the bank have already been asked to retire after illustrious years of to the bank.

It was gathered that a clean sweep of top management staff above the age of 45 has been effected as Agbaje is expected to leave following the end of his 10-year tenure as of the bank.

Already, four General Managers out of nine have been asked to exit the bank paving the way for younger executives mostly under the age of 45 to take charge.

According to multiple sources, the bank is set to announce Miriam Olusanya as its new .

In an internal memo dated April 28, , Thomas John was appointed of GTB West while Bayo Veracruz was appointed of GTB East .

Others are Olayinka Odusote as Divisional Head, Digital Banking, and an important considering the bank’s ambition to transform into a full-fledged digital bank. Ijeoma Esemudje is appointed Divisional Head Corporate Bank Mainland & Agric.

GTBank last year announced that Agbaje would be retiring from the bank after 10 years, this has paved the way for Miriam Olusanya to become the new of the bank.

Earlier, the shareholders of GTBank Plc had approved the holding company structure for the bank as they expressed excitement over the benefits they would derive from the new structure.

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