The board of Polaris Bank Limited, the Asset Management Corporation of Nigeria, and the bank’s shareholders have appointed Mr Innocent Ike as the acting Managing Director/Chief Executive Officer of the bank effective September 1, 2020.
The bank’s Company Secretary, Babatunde Osibodu, disclosed this in a statement titled, ‘Polaris Bank announces the appointment of Innocent C. Ike as acting managing director/CEO,’ on Saturday.
It stated that the outgoing Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr Tokunbo Abiru, will be proceeding on his retirement, having successfully completed his two terms of two years each, first as group managing director/CEO, Skye Bank Plc and managing director/CEO Polaris Bank Limited.
This takes effect from 31 August 2020, the bank said.
Polaris stated that the incoming acting managing director was until now the executive director, technology & services while also overseeing the South-South/South East directorate of the bank.
The bank said he had been a pivotal part of the bank since July 2016, and a major driver of the corporate transformation journey.
“This gives an assurance of continuity: a definite continuation of the strategic plans and initiatives that brought the bank the successes it has recorded till date,” it added