Wigwe: Access Holdings set to announce new Acting Group CEO

Date:

February 12, 2024.

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Azonuchechi Chukwu.

The Board of Access Holdings Plc is set to announce the appointment of a new Acting Group Chief Executive Officer after the passing of its Group CEO, Herbert Wigwe in a helicopter accident in California on Friday night.

The group’s statement announcing the passing of Herbert Wigwe read,

“In line with the Company’s policy, the Board will soon announce the appointment of an Acting Group Chief Executive Officer even as we remain confident that the Access Group will build further on Dr Wigwe’s legacy of growth and operational excellence.”

Access Holding is a sprawling conglomerate with an asset base of over a total of N21.4 trillion by far the largest of any financial institution in Nigeria.

The company also has a market cap of over N800 billion and was recently just part of the SWOOTs.

Analysts suggest the size of the bank and its sprawling influence require that a decision is made sooner rather than later about the leadership of the corporation to avoid a vacuum.

The recent passing of Herbert Wigwe, former Managing Director of Access Bank and Group CEO of Access Holdings, has sent shockwaves through the banking community.

Wigwe’s untimely demise not only marks a profound loss for Access Holdings but also signifies a significant void in the banking sphere, even beyond the borders of Nigeria.

Wigwe’s tenure at Access Bank was nothing short of transformative. Joining the institution in 2002 as Deputy Managing Director, he played a pivotal role in its evolution. In 2014, Wigwe assumed the mantle of Managing Director, succeeding Aigboje Aig-Imoukhuede.

Under his leadership, Access Bank embarked on a remarkable journey of expansion, extending its reach far beyond the confines of Nigeria.

Before his untimely passing, Wigwe was serving as the Chairman of Access Bank (UK) Limited, and Non-Executive Director of Nigerian Mortgage Refinance Company Plc and FMDQ OTC Securities Exchange.  (www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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