Emebet Melese, Former CBE Vice President Assumes Nib Bank Presidency
Emebet Melese, PhD, formerly the vice president of the
Commercial Bank of Ethiopia (CBE), has assumed the role of president at Nib
Bank, succeeding Genene Ruga who resigned months ago. Her appointment marks a
notable change towards gender diversity in executive leadership within the
industry. She became the second woman to hold a CEO position in a commercial
bank.
Melkamu Solomon has been overseeing the bank's operations
interimly until the recent approval of Emebet's appointment by the National
Bank of Ethiopia (NBE) earlier this week. She brings a wealth of experience and
expertise to her new role, having served as the vice president of the strategic
planning and transformation office for the CBE. During her tenure, she
spearheaded initiatives promoting organisational change and advancement. Her
years with the CBE, which began in 2018 as the VP of Credit Appraisal, saw her
progressively assuming diverse leadership roles, including VP of Corporate
Quality Assurance. Her leadership played a role in driving the ongoing
transformation of the CBE. Her academic background in accounting and finance
from Addis Abeba University, coupled with her dissertation focusing on the role
of organisational climate and market orientation on innovation within the
banking industry, was focused on driving sustainable growth and innovation in
banking.
Nib Bank's transition comes amid a phase initiated by the
formation of a new Board of Directors, overseen by regulators at the NBE three
months ago. The move was prompted by mounting concerns about corporate
governance and shareholder grievances. The intervention by the regulators paved
the way for changes during the general assembly, culminating in the election of
Shisema Shewaneka as the new chairperson.
Emebet Melese's appointment as president of Nib Bank underscores a significant milestone in gender diversity in the banking sector's executive leadership. It highlights a shift towards greater inclusivity and recognition of female talent in top-tier positions. Moreover, with her extensive experience and track record of driving organizational change at CBE, her leadership is anticipated to contribute to Nib Bank's ongoing evolution and success.
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