Chams Holding Company names new chairman for board of directors

Chams Holding Company Plc has named Segun Oloketuyi as the new Chairman of its Board of Directors, starting from 9 July.

The board made this decision according to the company's governance rules and needed regulatory guidelines, Chams Holding said in a filing on Friday.

Mr Oloketuyi takes over after the founder of Chams Group, Demola Aladekomo, finished his term after 40 years of leading the company.

“The Board expresses its sincere appreciation to the outgoing Chairman for his invaluable contributions, exemplary leadership, and dedicated service to the Company,” Chams Holding said.

Before becoming chairman, Mr Oloketuyi was a Non-Executive Director on the company's Board of Directors. He made important contributions to the company’s direction and governance.

Mr Oloketuyi is a well-known banking and financial services expert with broad experience in banking, corporate finance, enterprise risk management, and corporate governance.

He retired as the Managing Director/Chief Executive Officer of Wema Bank Plc, where he provided leadership and helped the bank grow and change.

Before that, he was the General Manager in the Business Optimisation Division and later served as Executive Director for Business Development at Skye Bank Plc.

He also worked as Deputy General Manager for Corporate and Commercial Markets at Polaris Bank, which was previously Prudent Bank Plc, and later became Executive Director for Finance and Enterprise Risk Management.

Mr Oloketuyi was also the Managing Director of Bond Bank Limited and started his career as an auditor with Deloitte & Touche.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and is also a member of the Institute of Directors and Ikoyi Club.