Admin l Friday, November 01, 2019
LAGOS, Nigeria – Stanbic IBTC Holdings Plc has announced the resignation of Mr. Sim Tshabalala from the board of the company and that of Stanbic IBTC Bank Plc.
Stanbic IBTC Holdings made the announcement on the floor of the Nigerian Stock Exchange (NSE) in a statement signed by company secretary, Mr. Chidi Okezie.
Mr. Sim Tshabalala was on the Board of Stanbic IBTC Holdings Plc as a Non-Executive Director as well as on the Board of Stanbic IBTC Bank Plc as Chairman of the Board. He has been on the board of the company since 2013, during which he served on a number of Board Committee.
Mr. Sim Tshabalala’s resignations according to the group is to enable him to focus more time and attention on his role as Chief Executive of Standard Bank Group.
“The Boards of Directors of the Company and the Bank acknowledge and
sincerely express their profound gratitude to Mr. Tshabalala for his
leadership, service and immense contributions to the Stanbic IBTC Group”, the the company said and wished him all the best as he continues to focus on implementing the Standard Bank Group strategy”, Chidi Okezie said in the statement.
Sim Tshabalala’s resignation takes effect from Thursday, October 31, 2019.
