The Company has notified The Exchange that Arnold Ekpe, 58, the current Group Chief Executive, will step down at the end of 2012 and has appointed Thierry Tanoh, 49, the CEO designate who is currently International Finance Corporation (IFC) Vice President in charge of Africa, Latin America and Western Europe to take over from Arnold Ekpe at the end of 2012. Thierry will join Ecobank in July 2012 and will work alongside Arnold until the end of the year to ensure smooth handover.

Furthermore, Albert Essien, 56, currently the Group Executive Director responsible for the Corporate Bank, and Evelyne Tall, 53, the Group Chief Operating Officer have been appointed Deputy Group Chief Executive Officers with effect from January 1st 2012.