Funke Opeke to remain on Atlas Mara’s board

Atlas Mara

Funke Opeke, is to remain on the board of Atlas Mara, a sub-Saharan financial services group as the company reshuffled its board of directors.

The change in the board of directors was necessitated by the terms of the agreement entered into with Fairfax Africa as part of the Placing and Open Offer.

Atlas Mara said in a statement to its investors that its Board has approved the appointments of Michael Wilkerson, Richard Boucher, Quinn McLean and Hisham Ezz Al-Arab to the Board of Directors. Co-founder Ashish J. Thakkar and Tonye Cole, Chair of the Nomination Committee are stepping down from their respective roles on the Board.

Following these changes, which take effect from October 2, 2017, Rachel Robbins, Amadou Raimi, Funke Opeke and Eduardo Mondlane, Jr. will remain on the Board.

Bob Diamond, Chairman of the Board, said: “On behalf of the Board, I wish to thank my partner and co-founder, Ashish and Tonye, one of our founding directors, for their incredible contributions to the Board. Ashish played an important role supporting the team in our Fintech business line and government and stakeholder relations, and will remain available to support us in these areas. Tonye will remain engaged in our Nigeria operations given the importance of Nigeria for our strategy.” Regarding the incoming Board members, Mr. Diamond stated: “I am pleased to welcome such accomplished individuals to the Atlas Mara Board. Their skills and experience are excellent complements for our Board as we grow from strength to strength.”

Mr. Thakkar stated, “I am proud of what Bob and I have accomplished with Atlas Mara to position it for the next phase of growth. There is an unbelievable opportunity to grow the company’s footprint and boost financial inclusion on our continent via facilitating access to finance for the underserved particularly SMEs. As a co-founder, I look forward to continuing to support the team to realize our vision.”

The Company also announces that Arina McDonald will today step down from her position as Chief Financial Officer to relocate back to South Africa for personal reasons and to pursue other interests. In the interim, Mr. Kenroy Dowers, Group MD of Strategy and Investments will assume the role of CFO until a permanent hire is selected.

Ms. McDonald said, “The last three years have been rewarding and I am pleased to depart at a time when the company is well-positioned for the future. I will continue to follow the company closely as it builds on the positive momentum evident in its results. I thank Bob and the Board for all we have realized together over this period.”

“On behalf of our board and leadership team, I want to thank Arina for her dedicated service to Atlas Mara over the last three years. Her departure follows the positive momentum seen in our recent half year results. We wish her much success in her future endeavours.” says Bob Diamond.

Atlas Mara remains on track with its profit and cost savings goals announced earlier this year.

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