Stanbic IBTC Holdings PLC, a leading financial institution in Nigeria, has officially announced the resignation of Mr. Barend Kruger, a Non-Executive Director, from its Board. The resignation of Mr. Kruger took effect on Friday, June 30, 2023.
Mr. Kruger, who also serves as a Non-Executive Director on the Board of Standard Bank Group, Africa’s largest bank by assets and the parent company of Stanbic IBTC Holdings PLC, had been a valued member of the Board since 2019. Throughout his tenure, he made significant contributions to the company and served on various Board Committees.
The Board of Directors of Stanbic IBTC Holdings PLC expressed their gratitude and sincere appreciation for Mr. Kruger’s leadership, service, and immense contributions to the Stanbic IBTC Group during his time as a Director. They acknowledged his valuable input and wished him the very best in all his future endeavors.
The resignation of Mr. Kruger from the Board of Stanbic IBTC Holdings PLC marks a transition in the company’s leadership and opens up opportunities for new perspectives and expertise. The company remains committed to its mission of providing innovative financial solutions and exceptional services to its customers.
As Stanbic IBTC Holdings PLC moves forward, it will continue to focus on its strategic goals and deliver value to its stakeholders. The company remains dedicated to maintaining its position as a leading player in the Nigerian financial industry and driving sustainable growth.
The resignation of Mr. Barend Kruger highlights the dynamic nature of corporate governance and the commitment of Stanbic IBTC Holdings PLC to ensuring a strong and effective Board of Directors. The company will take the necessary steps to fill the vacancy left by Mr. Kruger and maintain its commitment to corporate governance practices.
Stanbic IBTC Holdings PLC remains confident in its ability to navigate the evolving financial landscape and create value for its shareholders, customers, and the Nigerian economy as a whole.