Guaranty Trust Bank plc announced the retirement of the current Chairman Mr. Egbert Ulogo Imomoh at the end of the forthcoming Annual General Meeting of the Bank holding on March 31, 2015. In line with the well-defined succession plan of the Bank, the Board of Directors of the Bank has appointed Mrs. Osaretin Afusat Demuren as Chairman to take over from Mr. Imomoh upon his retirement. Mrs. Demuren had a successful career with the Central Bank of Nigeria which spanned over 33 years, during which she served as Director, Trade and Exchange Department and was deployed to serve as the Director, Human Resources Department in 2004; a position which she held until her retirement from the Central Bank of Nigeria in December 2009.

Mrs. Demuren joined the Board of Guaranty Trust Bank plc in April, 2013. She served as a member of the Board Risk Management Committee from April 2013 and became the Chairman of the Committee in July, 2014.