Cal Bank announces new CEO and four other appointments

Mr Philip Owiredu, CEO of CalBank CalBank has announced the appointment of Philip Owiredu as its Chief Executive Officer taking over from Frank Adu Jnr, who retired from the position after nearly three decades in the banking industry.

A statement released by the bank on the appointment highlighted that, specifically, Mr. Owiredu’s wide experience in the banking sector has earned him a reputation for his dedication to focused strategy execution, excellent people engagement and strong team leadership.

Philip joined CalBank in 2004 as Financial Controller. Prior to joining the Bank, he was a Senior Manager at KPMG Ghana, a leading firm of chartered accountants, management consultants and tax advisers.

He is a fellow member of the Association of Chartered Certified Accountants (FCCA).

Commenting on his new role, Philip stated his delight at the confidence vested in him by the Board of Directors with the position.

As a leading indigenous Bank with a long track record of solid financial performance, he added that, he looks forward to working with the Board, the management team and exceptional staff to spearhead the Bank through another decade of growth and deliver real value to all stakeholders in the coming years.

Commenting on the appointment, Paarock VanPercy, Chairman of the bank’s Board said the Board of CalBank is delighted to have appointed Mr. Owiredu as CalBank’s new CEO after a thorough and rigorous selection process from a number of strong internal and external candidates.

“Philip possesses the requisite qualities of demonstrated operational leadership, intimate knowledge of CalBank operations and culture as well as possessing the strategic capability to lead the business into the next decade. He has demonstrated a clear commitment to the Bank’s strategic purpose and corporate responsibility,” he stated.

Four new Non-Executive Directors

CalBank’s shareholders also approved the appointment of four new Non-Executive Directors of the Bank effective 1st January 2020.

All four directors have been approved by Bank of Ghana. The new directors were appointed following the mandatory retirement of Mr. Malcolmn Pryor and Dr. Kobina Quansah on 31st December 2019.

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