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Stanbic IBTC Chairman, Atedo Peterside resigns

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The Chairman of Stanbic IBTC Holding Plc, Mr. Atedo Peterside, Tuesday, announced his resignation from the board of the bank after serving the organisation for 28 years.

His resignation takes effect from March 31.

Atedo Peterside

Peterside served the bank as the Chief Executive Officer of IBTC from inception in 1989 until the merger that created Stanbic IBTC Bank Plc in 2007, and as Chairman thereafter.

In a statement, he said: “I believe this is the ideal time for me to resign from the Board of Stanbic IBTC Holdings Plc with effect from the close of business on March 31 and to move on.

“We have a strong tradition of careful succession planning at both Stanbic IBTC and the Standard Bank Group. I look forward to a new chapter where my interactions with Stanbic IBTC will be exclusively from the outside and/or from Johannesburg.”

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