Ethiopian Commodity Exchange Gets New CEO

Addis Ababa, Ethiopia –  The Board of Directors Office of the Ethiopian Commodity Exchange (ECX) today announced the appointment of Ermias Eshetu as Chief Executive Officer of the ECX effective next month.

A press release issued by the Office said Ermias has held a range of leadership positions locally and abroad. He has served as an Executive Management Member at Zemen Bank, most recently as Vice President for Marketing and Corporate Services.

The newly appointed CEO has earned Master’s degree in International Business from Manchester School of Management and a Bachelor degree in Computation at UMIST, in the United Kingdom. Over the past 20 years, Ermias has worked at multi-national organization such as IBM, Alcatel, Orange and Micro Strategy, it was learned.

Ethiopian Commodity Exchange is a leading market place where buyers and sellers come together to trade, assured of quality, delivery and payment. It is a national multi-commodity exchange that provides market integrity, enhanced market efficiency, ensures transparency and allows trade risk management.

Source: ENA