Business

After 35 Years, Atedo Peterside Steps Down from Standard Bank Board

The Standard Bank Group Limited, on Monday announced the retirement of Mr. Atedo Peterside as non- executive director of the financial institution listed on the Johannesburg Stock Exchange (JSE).

The retirement of the founder and Chairman of Stanbic IBTC Holdings Plc (subsidiary of Standard Bank Group listed on the Nigerian Exchange Limited), comes after 35 years of active service at the financial institution. 

In a filling on the JSE dated April 18,  2024, by the parent company, Standard Chartered Bank, the lender disclosed that Dr Xueqing Guan and Mr Atedo Peterside would retire as directors at the conclusion of the Annual General Meetings (AGMs) of Standard Bank Group and The Standard Bank of South Africa Limited (SBSA).

Stanbic IBTC Holdings, is a member of Standard Bank Group and a leading end-to-end financial institution in Nigeria.

The notice on X (former Twitter) stated that, “Shareholders are advised that, in accordance with the provisions of paragraph 3.59(b) of the JSE Listings Requirements and paragraph 6.39(b) of the JSE Debt Listings Requirements, Dr Guan and Mr Peterside are required, in terms of the Memoranda of Incorporation of Standard Bank Group and SBSA, to retire by rotation at the respective companies’ AGMs.”

Both directors have formally advised the Company and SBSA that they would not make themselves available for re-election.

Consequently, they would step down from the boards and board committees that they serve on, at the conclusion of the AGMs.

“As indicated in the SENS announcement dated 28 March 2024, the notice of the Standard Bank Group’s AGM will be published on 29 April 2024.

“The boards of Standard Bank Group and SBSA express sincere gratitude to Dr Guan and Mr Peterside for their exemplary leadership and significant contribution during their tenure on the boards; and wish them well in their future endeavours, “the statement added.

Kayode Tokede

Follow us on:

AriseNews

Recent Posts

Matt Gaetz To Exit Congress Following Withdrawal As DOJ Nominee Amid Controversy

Matt Gaetz has said he will not return to Congress after withdrawing as Trump’s DOJ…

1 hour ago

Tinubu Seeks Senate Approval For Oluyede As Chief Of Army Staff

President Tinubu has sought Senate confirmation of Olufemi Oluyede as Chief of Army Staff, citing…

1 hour ago

Netanyahu Risks Arrest in UK as ICC Issues Warrant Against Him For War Crimes

Israeli PM Netanyahu faces potential arrest in the UK as Downing Street pledges to fulfill…

4 hours ago

Second Australian Teen Dies from Suspected Methanol Poisoning in Laos

A second Australian teenager has died of suspected methanol poisoning in Laos, bringing to six…

4 hours ago

Simon Ekpa Arrested, Denies Being IPOB Leader + Atiku Says Tinubu’s Loans Are Bone-Crushing – Trending With Ojy Okpe

https://www.youtube.com/watch?v=mFlFl1mPGC8 The arrest of self-proclaimed Prime minister of the Biafra Republic, Simon Ekpa who was…

5 hours ago

Gatwick Airport South Terminal Evacuated, Bomb Disposal Team Deployed Suspicious Item Found In Luggage

Gatwick Airport's South Terminal was evacuated after a suspected prohibited item was found, prompting bomb…

5 hours ago