The Commercial International Bank – Egypt (CIB) has appointed Hisham Ezz Al-Arab as CEO and Managing Director, succeeding Hussein Abaza, who has completed his tenure. The board also nominated Neveen Sabbour as Non-Executive Chair, marking the first time a woman held this position at the bank.

Additionally, Amr El-Ganainy has been nominated as Executive Board Member and Deputy CEO, with Tony Prestedge appointed as Executive Advisor to the board, and Islam Zekri as Executive Board Member, currently serving as the Group CFO and a member of CIB Kenya’s board.

These decisions are subject to approval by the Central Bank of Egypt.

The nominations followed a comprehensive search and evaluation process aimed at selecting a new CEO to lead the bank through its upcoming phase, focusing on implementing a digital transformation strategy across all aspects of its operations, while continuing to prepare and support future leadership.

Read more at: https://www.dailynewsegypt.com/2024/09/16/cib-announces-new-leadership-ezz-al-arab-as-ceo-sabour-as-1st-female-chair/