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FirstBank Group Managing Director/CEO Onasanya to retire by end-december

Bisi Onasanya

AFTER over three decades of “inspiring and enviable career”, First Bank Group Managing Director/Chief Executive Officer Olabisi Stephen Onasanya is set to retire. He has completed his tenure.

Onasanya’s retirement takes effect at the end of the current Financial Year on December 31.

A statement signed by the bank’s Global Head, Marketing & Corporate Communications, Folake Ani-Mumuney, said Onasanya is retiring on the heels of an inspiring and enviable career spanning over three decades of diverse management and operational experience, 21 years of which he has spent with FirstBank, a subsidiary of FBN Holdings Plc., serving meritoriously in the last six years as Group Managing

Onasanya was born on August 16, 1961.

The statement added: “He has been able to stabilise
and modernise the expanding FirstBank brand since his appointment in 2009, thus reinforcing the confidence of the bank’s diverse stakeholders and the global financial publics. Mr. Onasanya’s successor will be announced in the last quarter prior to his exit. This is in sync with FirstBank’s corporate governance practice, which provides for seamless transition for the office of Group Managing Director. As is well known, FirstBank’s corporate governance posture has won it much respect and awards both locally and internationally,” the statement said.

Onasanya is described as “a seasoned banker and chartered accountant; a highly respected and personable executive who has established a reputation at FirstBank for solid performance and sound judgment”.

“He is widely reputed as the architect of the modern FirstBank, associated with various innovative and creative achievements. He was Project Coordinator of Century 2 the new frontier, FirstBank’s far-reaching enterprise transformation project at the turn of the century, as well as Project Coordinator of the FirstBank Corporate Transformation project which has seen the bank accentuating its foothold on modernisation. Mr. Onasanya also superintended the latest composite Corporate Identity/Brand Refresh of the FirstBank Group, a bold step heralding the international expansion of the FirstBank brand,” it said.

“A corporate strategy and development pacesetter, Mr. Onasanya has ensured the steady internationalisation of FirstBank, which under his leadership now boasts of subsidiaries with operations across Africa, Europe, the Middle East and Asia.

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