The Managing Director and Chief Executive Officer of Sterling Bank Plc, Yemi Adeola, was at the weekend rewarded for his sustained efforts aimed at positioning the Bank as a reference financial institution in the country and also as a major player in the Nigerian Stock Exchange (NSE) as he was conferred with Outstanding CEO Award.
The Award was instituted by BuisnessDay Media Limited last year to identify, reward and celebrate chief executives behind the success stories recorded by their institutions in the Nigerian economy. 24 other chief executives of companies quoted on the NSE were also conferred with the Award at an elaborate event held at the Wheat Baker Hotel, Ikoyi, Lagos at the weekend.
The organizer, in a statement signed by its chief executive, Frank Aigbogun, explained that despite the lull in the economy, especially in the 2014 financial year, the Chief Executives of the companies being recognized, added over N333 billion to shareholders funds and realized N107.1 billion as profit after tax as at the end 2014 compared with N66.8 billion realized in the corresponding period of 2013. “It is to this effect that we celebrate these men and women who have contributed to the successes recorded by their companies and the Nigerian economy in general in 2014”, the company noted in the statement.
In his vote of thanks after receiving the Award, the Sterling Bank boss commended the organizers for instituting the Award and also for taking the pains to analyze the financials of the companies assessed and for coming up with the list of winners who have, indeed, contributed to the growth of their institutions and the economy by extension Adeola who was represented at the Award ceremony by the Bank’s Executive Director, Commercial & Institutional Banking, Lanre Adesanya, assured that Sterling Bank would continue to sustain its growth pattern through the adoption of the right strategy and leverage on its highly skilled workforce to continue to deliver quality products and services to its increasing customer base.
