Rewane Resigns From FCMB

By Ikenga Chronicles March 13, 2019

Rewane Resigns From FCMB

Bismarck Rewane, Chief Executive Officer of Financial Derivatives Company, has resigned from the Board of FCMB Group PLC.

In a disclosure on the Nigerian Stock Exchange  (NSE) on Tuesday, FCMB said his resignation was accepted at a board meeting held on March 8.

“FCMB Group Plc hereby announces the retirement of Mr. Bismarck Rewane from the Board of the Company. This follows the acceptance of his retirement by the Board, at the Board of Directors’ meeting held on Friday, March 8, 2019,” the disclosure read.

“The Board and Management of FCMB Group Plc appreciate his valuable contributions and for always being available whenever called upon.”

Speaking with journalists, the renowned Economist said he is happy to be leaving the bank stronger than he met it.  

“I have been on the board of at least four banks in Nigeria– Lion Bank, Intercity Bank, Fidelity Bank and FCMB, my fourth,”  he said.

“My time had come to an end, Central Bank allows non-executive directors some terms and so I had to retire.

“The bank is in very sound shape, so I’m happy I left it stronger than when I came in many years ago.

“FCMB is a super brand and it will continue to do very well.”