FCMB Group Plc Appoints Adepeju Adebajo as Independent Non-Executive Director

FCMB Group Plc is pleased to announce the appointment of Adepeju Adebajo as an Independent Non-Executive Director to its board. This strategic addition, approved by the Central Bank of Nigeria, is poised to significantly bolster our board's capabilities and drive our ongoing transformation initiatives across the group.

Mrs. Adebajo is a distinguished professional with a wealth of experience spanning over three decades in industry, renewable energy, agriculture, finance, and consulting. Her impressive academic background, including a Master's and Bachelor's Degree in Chemical Engineering from Imperial College London and an MBA from Harvard Business School, underscores her exceptional qualifications.

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FCMB Group Plc (the Company) wishes to notify Nigerian Exchange Limited (NGX) and the general public that the Central Bank of Nigeria has approved the appointment of Mrs. Adepeju Adebajo as an Independent Non-Executive Director on the Board of FCMB Group Plc.

Her leadership roles have been extensive, including serving as CEO at Lafarge Africa Plc, Mouka Limited, Lumos Nigeria, and UTC Nigeria Plc, as well as an Assistant General Manager at United Bank for Africa Plc. Currently, she chairs the board of the Lagos State Employment Trust Fund and serves as a Transformation Lead at Etex Group. Furthermore, her global engagement includes founding Climate Governance Initiative Nigeria and serving on the World Economic Forum Council on Climate and Nature Governance.

We are confident that Mrs. Adebajo's extensive expertise and proven track record in leading teams through change and growth will be invaluable as we continue to pursue our strategic objectives. Her appointment reinforces our commitment to strengthening our governance and enhancing our capacity to deliver on our transformation goals.

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Mrs Adebajo’s appointment is intended to strengthen the Board and support its transformation goals across the Group.