Rewane Quits FCMB Board After 17 years

Mr. 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.”

Before his resignation, Rewane had been an independent non-executive director of the bank since 2002, and serves on the boards of several blue-chip companies within corporate Nigeria.

The renowned economist, who we gathered is happy to be leaving the bank stronger than he met it, has been on the board of at least four other banks in Nigeria – Lion Bank, Intercity Bank, Fidelity Bank and FCMB.