Sterling Financial Holdings Company Plc has reinforced its board with the appointment of Mr. Ashutosh Kumar as a Non-Executive Director, alongside the re-election of Ms. Eniye Ambakederemo and Mr. Shola Adekoya, during its 2nd Annual General Meeting held virtually on July 11, 2025.
Mr. Kumar, whose appointment was ratified by shareholders, brings extensive international experience and strategic depth to the board, as Sterling positions itself for long-term expansion and a planned $400 million capital raise.
Ms. Ambakederemo, an Independent Non-Executive Director, and Mr. Adekoya, a seasoned Non-Executive Director, were both re-elected after retiring by rotation in accordance with the Companies and Allied Matters Act. Their continued presence is expected to maintain stability and policy continuity on the board.
In addition to their board roles, both directors were designated as the company’s representatives on the Statutory Audit Committee, where they will serve alongside shareholder-elected members Alhaji Mustapha Jinadu, Ms. Christie Vincent, and Mr. Idongesit Udoh.
The appointments underscore Sterling’s commitment to strong corporate governance as it executes an ambitious growth strategy across banking, financial technology, and investment platforms.
Tags: Sterling Financial Holdings, Ashutosh Kumar, Eniye Ambakederemo, Shola Adekoya, Board Appointments, AGM 2025, Nigerian Corporate Governance, Audit Committee, Sterling Bank
