Finance

Citibank appoints new chairman

Citibank appoints new chairman

Citibank Nigeria Limited has appointed Dr Shamsuddeen Usman as the chairman of the board.

The bank said in a statement that he is the third chairman of the bank in Nigeria since inception.

“Usman has served on the board of Citibank Nigeria Limited as an independent non-executive director since 2017,” the statement said.

It stated that Usman replaced Mr Olayemi Cardoso who retired from the board after 12 years as chairman.

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As chairman, the statement said, Cardoso led with distinction and ensured the franchise maintained high standards during his tenure, a leadership style that had been consistent over the course of a very distinguished career within Nigeria’s private, public, and not-for-profit sectors.

Commenting on his retirement, Cardoso expressed his gratitude to the shareholders, board, management and staff of Citibank Nigeria for their dedication and support during his time as Chairman.

He said, “I am honoured and humbled to have served alongside an outstanding team. Citi’s footprint in my personal and professional journey remains indelible, and I remain a dedicated alumnus of the bank.”

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Cardoso expressed his pleasure at the appointment of Usman.

He said, “Dr Usman’s exemplary leadership both within the private and public sector is well documented. I am convinced that his dedication to the pursuit of excellence will serve the bank well as it enters a new leadership phase.”

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Speaking on his appointment, Usman expressed his gratitude to Cardoso for his years of service.

He said, “Mr Cardoso’s selfless leadership has contributed significantly to the many milestones that the bank has achieved over the past 12 years. “I want to thank the Board and shareholders for r their support, as we continue to focus on consistently delivering excellence to our key stakeholders.”

Punch

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