Wema Bank appoints new Chairman

The Board of Directors of Wema Bank has appointed Dr. (Mrs.) Oluwayemisi Olorunshola as its new Board Chairman, while assuring of improved performance.

Meanwhile, the current Board Chairman, Mr. Babatunde Kasali, will be proceeding on retirement, having attained the retirement age in line with the Bank’s Articles of Association.

In a statement signed by the company’s Secretary/General Counsel, Johnson Lebile, Dr. Olorunshola joined the Wema Bank as a Non-Executive Director in 2022 and until her new appointment, was the Chairman of the Board’s Nomination and Governance Committee.

“Prior to joining the bank, Dr. Olorunshola had worked with Unilever Nigeria Plc for fifteen (15) years with experience spanning across supply chain, business re-engineering and process management. She has over ten (10) years of boardroom experience and business management.

“She possesses a Bsc degree in Education & Economics from the prestigious Obafemi Awolowo University, Ile Ife, a Master of Business Administration degree from University of Liverpool, UK, and a Doctorate degree in Business Administration from Walden University, USA.

“She is a well trained professional in various aspects of business management and corporate governance practices from various training facilities such as Four Acres Training Facility, Unilever UK, FITC, LeishtonAcademy, H Pierson, and her work experience spans every aspect of supply chain including Business and Production Planning, Procurement, Distribution, Import and Export, and Logistics Services. She is a lover of education. Her widely read publication on small business sustainability strategies published in the Journal of Functional Education (JFEAcademia), Proquest.com, and Academia.edu, has been referenced by many scholars.

“Dr. Olorunshola is a Director and a fellow of the International Institute for African Scholars, Fellow, Institute of Management Consultants, Member, Institute of Directors, and a chartered member of the Nigerian Chartered Institute of Personnel Management. An ardent believer in community development and in pursuant of this interest, she is a volunteer in many civic activities where she has contributed greatly to the development of her community and other areas of influence.”