Guaranty Trust Holding Company Plc (GTCO) has made significant changes to its board. The company appointed Babatunde Soyoye as an independent non-executive director and Suleiman Barau as chairman.
The moves, announced on June 5 by company secretary Erhi Obebeduo, follow the retirement of two long-serving board members, Hezekiah Oyinlola and Helen Bouygues.
Hezekiah Oyinlola, who has been chairman since GTCO’s formation, is stepping down after shaping the company’s governance structure and long-term strategy for Suleiman Barau, a former deputy governor of the Central Bank of Nigeria (CBN), pending regulatory approval.as Barau brings valuable experience from his time at the CBN, where he worked on key financial reforms.
Segun Agbaje, group chief executive officer of GTCO, expressed honour at Mr. Suleiman Barau’s appointment as chairman. “His deep regulatory experience and proven leadership within the financial sector will be instrumental in guiding the board’s oversight as we execute our strategic intent.”
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Helen Bouygues, an American businesswoman, is also retiring from the board after serving as an independent non-executive director. GTCO commended her dedication and strategic insights, and appointed Mr. Babatunde Soyoye, co-founder and managing partner of Helios Investment Partners LLP, to succeed her. Helios Investment Partners LLP is a London-based firm that specialises in growth capital, restructurings, and structured investments in Sub-Saharan Africa.
He is bringing over 33 years of experience, 30 of which are in investment and financial advisory services. The CBN has approved his appointment.
Agbaje welcomed Mr. Babatunde Soyoye to the board, saying his extensive experience would be a valuable asset. His experience in strategic investment and growth will enrich the board’s deliberations and contribute to the company’s long-term success.” GTCO says these changes reflect its commitment to strong corporate governance, diversity, and board effectiveness.
GTCO said the changes align with its commitment to strong corporate governance, diversity, and board effectiveness.
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