CalBank PLC has announced the appointment of Mr Joe Mensah as Non-Executive Chairman, effective 1 July 2020.
He succeeds Mr Paarock VanPercy, who retired as Board Chairman on 30 June 2020.
Mr Mensah was appointed as a Non-Executive Director of CalBank effective 1 January 2020.
He has over 35 years’ expertise in the banking sector and has a wealth of knowledge of the Ghanaian economy, Ghanaian banks and private and public sector institutions.
He was the Chief Executive Officer of Ghana International Bank PLC (London) for 14 years, where he created a culture based on performance, efficiency and engagement that placed the bank on a growth trajectory to become one of the leading sub-Saharan African banks in the City of London.
Prior to this, he was the General Manager of Ghana International Bank for four years.
Mr Mensah worked as the Head of International Banking at the then Trust Bank Ghana and also worked with Agricultural Development Bank, Ghana where he set up the International Banking Department and spearheaded the introduction of the Western Union Service to Ghana for the first time.
Commenting on his new role, Mr Mensah said: “I am honoured and delighted at the confidence vested in me by the Board of Directors with my appointment as Board Chairman. Calbank is one of the leading indigenous Banks in Ghana and I am determined, together with my colleagues on the Board, to build on the excellent work and foundation laid by my predecessors to position the Bank strategically to achieve its objectives as well as support Ghana’s economic development.”
Mr Mensah holds a master’s degree in Banking and Finance and a Bachelor’s Degree in Business Administration. He is a Fellow of the Institute of Directors (UK).
The outgoing Chairman of CalBank, Mr VanPercy has been an outstanding leader during his twelve years as non-Executive Chairman.
He has made an invaluable contribution to the bank’s growth and development through his decisive leadership style and his commitment to steer the bank to deliver on its strategic objectives over his term.
Mr VanPercy has been instrumental in forging many of the bank’s strong relationships with partners, shareholders, regulators and other stakeholders which have significantly boosted CalBank’s profile.
The Board, Management and the staff of CalBank said they “are profoundly grateful to Mr VanPercy for tirelessly giving his wisdom, time and resources to the bank and we wish him well in all his future endeavours”.