Ecobank announces board changes

Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors.

Dr Georges Agyekum Nana Donkor has been appointed as a Non-Executive Director to replace Mr Bashir Mamman Ifo as the representative of Ecowas Bank for Investment and Development (EBID) on the Board of ETI.

This was made known in a statement issued by the Group Head of Corporate Communications, Adenike Laoye.

Dr Donkor was recently appointed President of EBID following the retirement of his predecessor, Mr Bashir Ifo.

Dr Donkor is a Lawyer, Banker and Marketing Consultant with over 25 years’ experience in Senior Management capacities across several fields such as Finance, Strategic Management, Marketing, Legal, Compliance and Administration.

The board also announced the appointment of Mrs Zanele Monnakgotla as a Non-Executive Director and nominee of the Public Investment Corporation (PIC) of South Africa on the board.

Mrs Monnakgotla has over 20 years’ public and private sector experience in Structured Finance and Strategy. She is replacing Dr Daniel Matjila who resigned from the ETI Board when he left his role as the Chief Executive Officer of PIC.

Mr Emmanuel Ikazoboh, the Chairman of the Board of ETI, commenting on the changes said: “We must first of all sincerely express our appreciation to Mr Ifo and Dr Matjila for their contributions on the board and their tireless dedication to the Ecobank Group. We know that they will always remain members of the Ecobank family. As we formally bid them farewell, I do warmly welcome both Dr Donkor and Mrs Monnakgotla and believe that their respective expertise will be most beneficial to the board.”