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Guaranty Trust Holding Company Plc (GTCO) has revealed significant changes to its board, effective after the retirement of two long-serving members. Hezekiah Oyinlola, the company’s chairman since its inception, is stepping down, and Suleiman Barau, a seasoned financial expert and former deputy governor of the Central Bank of Nigeria (CBN), will take over as chairman.
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Segun Agbaje, GTCO’s Group Chief Executive Officer, expressed enthusiasm about Barau’s appointment, saying, “We are honoured to have Mr Suleiman Barau assume the role of chairman. His deep regulatory experience and proven leadership within the financial sector will be instrumental in guiding the board’s oversight as we execute our strategic intent.”
Additionally, Helen Bouygues, an independent non-executive director, is retiring from the board, and Babatunde Soyoye, co-founder and managing partner of Helios Investment Partners LLP, will join the board. Agbaje welcomed Soyoye, stating, “We are pleased to welcome Mr Babatunde Soyoye to the board. His extensive experience in strategic investment, combined with a strong track record of driving growth across sectors, makes him a valuable addition. We are confident that his insights and guidance will significantly enrich the board’s deliberations and contribute meaningfully to the company’s long-term success.”
These changes reflect GTCO’s commitment to maintaining strong corporate governance, diversity, and board effectiveness.
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Jonathan Nwokpor
