CAJ News Agency (Johannesburg)

Nigeria: Oyinlola Appointed New Gtbank Director

Lagos — GUARANTY Trust Bank has announced the appointment of Hezekiah Sola Oyinlola as a Non-Executive Director.

He replaces Stella Okoli on the Bank's Board of Directors following the latter's 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.

Managing Director, Guaranty Trust Bank, Segun Agbaje, confirmed Oyinlola's appointment.

“This is in demonstration of our commitment to the sustenance of good corporate governance and succession planning, we are pleased to have appointed Mr Oyinlola; 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,” Agbaje stated.

The Central Bank of Nigeria has approved the appointment in compliance with levels of corporate governance standards.

Oyinlola is a seasoned professional with over thirty 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 local Managing Director of Schlumberger Group in Nigeria.

In 2011 Mr. Oyinlola was appointed to his current position as Chairman of Africa Schlumberger Group.

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