{"id":79386,"date":"2015-01-06T07:53:08","date_gmt":"2015-01-06T07:53:08","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=79386"},"modified":"2015-01-06T08:25:21","modified_gmt":"2015-01-06T08:25:21","slug":"10-biggest-corporate-movements-2014-part-1","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=79386","title":{"rendered":"10 Biggest corporate movements in 2014: Part 1"},"content":{"rendered":"<p>Corporate Ghana every year witnesses some interesting movements be it resignations, dismissals or what have you.<br \/>\nThese movements usually make or break the companies or institutions.<\/p>\n<p>In 2013 for example the banking industry witnessed the appointment of four women as bank managers of four banks in the country.<\/p>\n<p>The move solidified Ghana\u2019s slow but growing grip on Ghana\u2019s banking industry by women.<\/p>\n<p>So as we prepare to see the new movements in 2015 let\u2019s take a look at 2014 and the biggest corporate movements that caught our attention.<\/p>\n<p>In the first of our two part report we look at five of the 10 biggest corporate movements in 2014.<\/p>\n<p>The big shakeups in 2014 begun in the banking and financial industry and later moved to the telecom and mining industries.<\/p>\n<p>The first major appointment that caught our attention was the appointment of Albert Essien as the CEO of Ecobank Transnational Incoportaed (ETI) in March of that year.<\/p>\n<p>His appointment followed the dismissal of Thierry Tanoh as CEO and brought to an end, a nine-month battle over allegations of mismanagement that shook confidence in the pan-African lender.<\/p>\n<figure id=\"attachment_4022\" aria-describedby=\"caption-attachment-4022\" style=\"width: 730px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/Thierry_Tanoh11.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4022\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/Thierry_Tanoh11.jpg\" alt=\"Thierry Tanoh\" width=\"730\" height=\"488\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/Thierry_Tanoh11.jpg 730w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/Thierry_Tanoh11-300x200.jpg 300w\" sizes=\"auto, (max-width: 730px) 100vw, 730px\" \/><\/a><figcaption id=\"caption-attachment-4022\" class=\"wp-caption-text\">Thierry Tanoh<\/figcaption><\/figure>\n<p>The wrangling in Ecobank which led to the appointment of Mr Essien had been keenly monitored by industry players for months.<\/p>\n<p>Prior to his appointment Albert Essien was the deputy chief executive of the bank and was in charge of the corporate and investment banking arm for more than 20 years.<\/p>\n<figure id=\"attachment_5527\" aria-describedby=\"caption-attachment-5527\" style=\"width: 480px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/Albert-Essien.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5527\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/Albert-Essien.jpg\" alt=\"Albert Essien, ETI Boss\" width=\"480\" height=\"360\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/Albert-Essien.jpg 480w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/Albert-Essien-300x225.jpg 300w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/a><figcaption id=\"caption-attachment-5527\" class=\"wp-caption-text\">Albert Essien, ETI Boss<\/figcaption><\/figure>\n<p>According to him running the bank had been his dream from the onset.<\/p>\n<p>&#8216;Immediately I got into Ecobank I said I will run that bank, i told myself, i will become the MD of the bank.<\/p>\n<p>There is nothing wrong with having ambitions it&#8217;s how you mange them, there should be no crab mentality, you should not stand on the shoulders of others to get to the top.&#8217; He said.<\/p>\n<p>Then came the big shocker, in that same month, the announcement that, the Co-Founder of Data bank Keli Gadzekpo had stepped down as the Chief Executive Officer of the bank, a position he had occupied since 2012 after Ken Ofori-Atta resigned due to health reasons.<\/p>\n<figure id=\"attachment_79673\" aria-describedby=\"caption-attachment-79673\" style=\"width: 200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/01\/kelly.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-79673\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/01\/kelly.jpg\" alt=\"Keli Gadzekpo\" width=\"200\" height=\"300\" \/><\/a><figcaption id=\"caption-attachment-79673\" class=\"wp-caption-text\">Keli Gadzekpo<\/figcaption><\/figure>\n<p>Keli Gadzekpo together with Ken Ofori-Atta and James Akpo (Togbe Afede XIV) set up Databank in 1990.<\/p>\n<p>Mr Gadzekpo moved to Enterprise Group as its new CEO after his resignation from Data bank.<\/p>\n<p>Keli Gadzekpo in an interview with Citi Business News said his new role is \u2018an opportunity for him to shift emphasis from stewardship and overseeing governance as a director, to leading the company at an exciting time in its 90 year history\u2019.<\/p>\n<p><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/10\/Roshi-Motman.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-59769\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/10\/Roshi-Motman.jpg\" alt=\"Roshi Motman\" width=\"635\" height=\"400\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/10\/Roshi-Motman.jpg 635w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/10\/Roshi-Motman-300x188.jpg 300w\" sizes=\"auto, (max-width: 635px) 100vw, 635px\" \/><\/a><br \/>\nThen came the appointment of Roshi Motman as the MD of Tigo in the same month.<\/p>\n<p>This appointment was an interesting one because it was the first time a woman had been put at the helm of affairs of a telecom company in the history of the country.<\/p>\n<p>Prior to this appointment we had seen the likes of Mawuena Trebah, Ursula Owusu among others who played key roles in the industry some years back, but not to that height.<\/p>\n<p>Though not Ghanaian and Swedish by birth Ms Roshi Motman\u2019s appointment showed the industry after all was not one, that was male dominated.<\/p>\n<p>Then in April came the appointment of Lucy Quist as MD of Airtel.<\/p>\n<figure id=\"attachment_13416\" aria-describedby=\"caption-attachment-13416\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/04\/lucy-quist-resized1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13416\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/04\/lucy-quist-resized1.png\" alt=\"Lucy Quist \" width=\"640\" height=\"427\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/04\/lucy-quist-resized1.png 640w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/04\/lucy-quist-resized1-300x200.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-13416\" class=\"wp-caption-text\">Lucy Quist<\/figcaption><\/figure>\n<p>Lucy Quist became the first Ghanaian woman and the second woman in the history of the country to be appointed to head a telecommunications company.<\/p>\n<p>Lucy\u2019s technical and business acumen, industry experience and in country perspective have so far played a pivotal role in driving the company\u2019s journey outside the traditional consumer arena.<\/p>\n<p>In that same month a known name in the mining industry Dr.Tony Aubynn was appointed as the new Chief Executive Officer of the Minerals Commission.<\/p>\n<figure id=\"attachment_79674\" aria-describedby=\"caption-attachment-79674\" style=\"width: 630px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/01\/aubyn.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-79674\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/01\/aubyn.jpg\" alt=\"Dr.Tony Aubynn\" width=\"630\" height=\"643\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/01\/aubyn.jpg 630w, https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/01\/aubyn-293x300.jpg 293w, https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/01\/aubyn-70x70.jpg 70w\" sizes=\"auto, (max-width: 630px) 100vw, 630px\" \/><\/a><figcaption id=\"caption-attachment-79674\" class=\"wp-caption-text\">Dr.Tony Aubynn<\/figcaption><\/figure>\n<p>Questions were raised about his appointment due to his previous role as the CEO of the chamber of mines and the chief lobbyist for mining companies.<\/p>\n<p>His critics asserted that he may not be effective in his new position due to issues of conflict of interest having been the Chamber of Mines boss.<\/p>\n<p>But Dr.Tony Aubynn downplayed their fears. \u201cPersonally anyone who has followed me and the things I have said before know they have all been said with Ghana in focus\u201d. He said.<\/p>\n<p>According to Dr. Aubynn, his track record in initiating projects to develop local mining communities and improve the living the standards of the people in mining communities must not be downplayed.<\/p>\n<p>He said,\u201d Some people have forgotten that we were the people advocating for more royalty payment to the communities for development, and I have been very active in ensuring Ghanaian involvement in mining\u201d. He stressed.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>By: Vivian Kai Mensah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corporate Ghana every year witnesses some interesting movements be it resignations, dismissals or what have you. These movements usually make or break the companies or institutions. In 2013 for example the banking industry witnessed the appointment of four women as bank managers of four banks in the country. The move solidified Ghana\u2019s slow but growing [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":5527,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[19],"tags":[20,44,4],"class_list":["post-79386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-mental-health-authority","tag-optometrist","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/79386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79386"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/79386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/5527"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}