The UBA Group Board Tuesday approved the appointment of Kennedy Uzoka
as the new Group Managing Director, with effect from August 1st, 2016
and subject to the approval of the Central Bank of Nigeria.
Mr Uzoka succeeds Phillips Oduoza, who retires on July 31, 2016, after two terms of leading the UBA Group.
According
to the UBA Group, Kennedy Uzoka has most recently been leading the
transformation agenda of the Bank, after returning from completing the
Advanced Management Programme of Harvard Business School.
Mr
Uzoka has over two and 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.
Mr Uzoka is a graduate of
Mechanical Engineering from University of Benin and holds a Masters
Degree in Business Administration from University of Lagos.
Also
appointed today, was Victor Osadolor as the Deputy Managing Director,
UBA Group. Mr Osadolor brings a strong finance and risk background,
having previously served as the Executive Director, Risk and Finance at
UBA. Mr Osadolor also held the position of Chief Strategy Officer at
Ecobank Transnational Incorporation.
He holds a Bachelor of
Science degree in Accounting and is a Fellow of the Chartered Institute
of Accountants of Nigeria. He also holds the Advanced Management
Programme Certificate from the Harvard Business School.
The Chairman of UBA Group Mr. Tony Elumelu said of both appointments:
“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.”
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