Citigroup Sub-Sahara CEO Quits After 27 Years to Run Ecobank

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Ade Ayeyemi will step down as chief executive officer of Citigroup Inc. in sub-Saharan Africa to become Togo-based Ecobank Transnational Inc.’s third CEO within two years.

Ayeyemi, 52, will take over in September from Albert Essien, who is retiring June 30, Ecobank said in a statement to the Nigerian Stock Exchange on Monday.