For United Bank for Africa, a new Group
Managing Director emerged on Tuesday. He is Kennedy Uzoka who had been
Deputy Managing Director, UBA Group and was also the Chief Executive
Officer of UBA Africa, responsible for the Group’s operations in 18
countries across Africa.
The group also has a new Deputy Managing Director, Victor Osadolor.
A press statement by the bank said its
board approved both appointments on Tuesday, adding that Uzoka would,
subject to the approval of the Central Bank of Nigeria (CBN), assume his
new position on August 1, 2016. He succeeds Phillip Oduoza, who retires on July 31, 2016, after two terms of leading the UBA Group.
According to the bank, Uzoka has been
leading its transformation agenda after returning from an Advanced
Management Programme at the Harvard Business School.
“Mr Uzoka has over two and a half
decades of experience in commercial banking, strategy and business
transformation. Prior to his sabbatical at Harvard, Mr Uzoka served as
Deputy Managing Director, UBA Group and was also the CEO of UBA Africa,
responsible for the Group’s operations in 18 countries across Africa,”
the bank said.
Uzoka is a graduate of Mechanical
Engineering from University of Benin and holds a Masters Degree in
Business Administration from University of Lagos.
The new group deputy managing director,
Osadolor, according to the bank’s statement, comes to office with a
strong finance and risk background, having previously served as the
Executive Director, Risk and Finance at UBA.
He also held the position of Chief
Strategy Officer at Ecobank Transnational Incorporation. A Fellow of the
Chartered Institute of Accountants of Nigeria, he also holds a Bachelor
of Science degree in Accounting as well as an Advanced Management
Programme Certificate from the Harvard Business School.
“Kennedy brings an extremely strong
skill set and is ideally positioned to lead UBA in its next phase of
growth. His most recent experience of managing the Group’s increasingly
important African business, is particularly relevant, as we all work to
build one of the leading financial services franchises in Africa. I have
no doubt that both he and Victor with their expertise and depth of
business experience will ensure that the Bank is best positioned to
deliver on its strategic ambition.
“I would also like to take the
opportunity to thank Phillips, for all that he has done for the Bank in
guiding UBA through a particularly challenging period. The Board feels
that the strong foundations created during Mr Oduoza’s term provide an
excellent basis for our further success,” the bank’s statement quoted
the Chairman of UBA Group, Mr. Tony Elumelu, on both appointments
yesterday.
Source: Thisday
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