Ade Ayeyemi, CEO of Ecobank Group, to retire; Jeremy Awori, appointed by the Board of Directors as incoming CEO of Ecobank Group

Ecobank Transnational Incorporated (ETI), the parent
company of the Ecobank Group, today announced that the current Group Chief Executive
Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy.
The Board of Directors selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief
Executive Officer. The relevant effective dates will be communicated in due course.
Alain Nkontchou, Ecobank Group Chairman, thanked Ade for his immense contribution
during his seven years at the helm of the Ecobank Group as Group CEO. He added that, “Ade
can be rightly proud of his success in leading the implementation of the Roadmap to Leadership
strategy, navigating Ecobank through challenges, seizing opportunities, and positioning
Ecobank for sustainable long-term growth. Ade’s deep knowledge, unrivaled vision, commitment
and infinite passion made all the difference. It has been a real pleasure working with him. I
count on his continuous support to ensure a smooth transition as we onboard Jeremy Awori as
the new Group CEO.”
“Jeremy Awori is a highly respected leader in the banking industry with significant achievements
in his previous capacities. The Board of Directors strongly believes that his drive and strong
focus on results will be vital in steering the Group in its next phase” Alain Nkontchou stated.
Ade Ayeyemi expressed his deep gratitude for the opportunity to lead the Ecobank Group and
stated: “It is a privilege to lead an amazing team of Ecobankers in bringing the Ecobank Group
back to growth and continuing to realise our commendable pan-African mandate.” He also
expressed his commitment to a smooth transition and onboarding of his successor.
The incoming Group CEO, Jeremy Awori, responding to the announcement of his
appointment said: “It is a great honour to be appointed Ecobank Group’s Chief Executive
Officer. I look forward to consolidating the transformation of Ecobank, a truly pan-African

institution full of talented people, while innovating to create value for all Ecobank’s stakeholders.
I am humbled by the opportunity to contribute to the continent’s economic development and
financial integration with Ecobank Group”
Jeremy Awori is joining Ecobank Group following a twenty-five-year long career in the banking
industry, with almost a decade leading Absa Bank Kenya Plc as the CEO & Managing Director.
Before joining Absa, Jeremy held multiple leadership roles at Standard Chartered Bank across
the Middle-East and Africa. He brings a wealth of experience, skills, and industry know-how to
the Ecobank Group.