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07.05.2015 Ethiopia

Ethiopian Commodity Exchange Appoints New CEO

By Ethiopian Commodity Exchange
Ethiopian Commodity Exchange Appoints New CEO
LISTEN MAY 7, 2015

ADDIS ABABA, Ethiopia, May 7, 2015/African Press Organization (APO)/ -- The Board of Directors Office of the Ethiopian Commodity Exchange ( today announced the appointment of Ato Ermias Eshetu as Chief Executive Officer of the ECX.

Photo Ato Ermias Eshetu:


Ato Ermias has held a range of leadership positions locally and abroad. Since 2007, he has served as an Executive Management Member at Zemen Bank, most recently as Vice President for Marketing & Corporate Services. He received his Masters 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 MicroStrategy.

Ermias's background in Software Engineering and as a Principal Consultant in Business Intelligence systems has allowed him to acquire unique skills specializing in the ability to integrate real business challenges with practical information technology lead solutions.

With his wide-ranging professional experience abroad in Europe and the United States, and most recently here in Ethiopia at Zemen Bank, Ato Ermias brings technical and managerial knowhow fitting to take the ECX to new levels of performance and growth.

“I believe in a practical application of technology and market-based institutions in our path to transform the agricultural based economy. Through technology, strong partnership with the private sector, and enhanced exposure to international best practices, I shall aim to ensure that ECX remains relevant and continues to deliver new innovations” said Ato Ermias, the incoming CEO of ECX.

Ato Shimelis Habtewold, Chief Compliance Officer, who has also been serving as an interim CEO since January 2014, will continue on his role as Chief Compliance Officer as of January 1, 2015.

Distributed by APO (African Press Organization) on behalf of the Ethiopian Commodity Exchange.

About ECX

ECX (, the one and only modern market in Ethiopia that commenced trading operation in April 2008, with contracts traded in coffee, sesame, maize, mung beans, wheat and pea beans. ECX 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. ECX is a genuine public private partnership that has proven to be an African success story since commencing operation in 2008.

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