Commercial Bank of Ethiopia’s Board Chairman, Bereket Simon, resigned from his position and hand over to Yinager Dessie (PhD), Commissioner of the National Planning Commission.

Letter signed by the Director of Public Financial Institutions Supervisory Agency, Sintayehu Woldemichael (PhD), and dated October 11, 2017 read Bereket’s contract has been terminated.

According to The Reporter, Bereket will handover his chairmanship to Sintayehu by October 30, 2017. This means the successor will assume his new position by November 1, 2017.

Yinager is currently the board chairman for Ethiopian Commodity Exchange (ECX) and member of the board of Ethiopian Hotels Share Company that controls Hilton Hotel Addis Ababa. He has also served as State Minister of Foreign Affairs.

Source: The Reporter