Lagos, March 1, 2016 – At a meeting held
at UBA House, the UBA Group Board
today 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.
Kennedy Uzoka has most recently been
leading the transformation agenda of
the Bank, after returning from completing
the Advanced Management Program 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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