In a notice to the Nigerian Stock Exchange (NSE) today, Sterling Bank has announced the retirement of its current Managing Director/Chief Executive Officer Yomi Adeola with effect from March 31st, 2018.
Adeola was appointed Managing Director of the bank in February 2009. Prior to this, he was Executive Director Corporate and Commercial Banking. His retirement comes after 30 years of service in the banking industry.
At a board meeting held on Tuesday August 15th, 2017, Abubakar Suleiman was appointed Managing Director/Chief Executive with effect April 1st 2018.
About Abubakar Suleiman
- Abubakar Suleiman obtained a degree in Economics at the University of Abuja. He also has a Masters degree in Major Program Management from the University of Oxford. In addition he has attended various executive education programs at INSEAD, Harvard, Stanford, Wharton, and Said Business Schools.
- He began his career as a Staff Assistant at Arthur Andersen (now KPMG Nigeria) from August 1996 to December 1997. He then moved to MBC International Bank (now First Bank) where he worked as a Management Associate between February 1998 to Agust 1999. He later worked in Citibank Nigeria in roles spanning Treasury and Asset & Liability Management Between January 2000 and October 2003.
- Abubakar joined Sterling Bank (then known as Trust Bank Africa) in 2003 with responsibility for Treasury and Finance. Following the merger in 2006, he was appointed Group Treasurer; a position he held until 2011 when he assumed the role of Integration Director – tasked with managing and integrating Equitorial Trust Bank (ETB) into Sterling.
- He was named Chief Financial Officer (CFO) in 2012, and appointed an Executive Director in April 2014 with responsibility for the financial performance of the Company; and directly overseeing the Finance and Performance Management, Strategy and Innovation, Brand Management and Communication, and Human Resource Management Department.
- Prior to this, he was also appointed Sponsor, Islamic Projects in November 2003 where he was charged with developing Islamic finance products.