UBA Group Appoints Kennedy Uzoka Managing Director-Designate | Independent Newspapers Limited
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UBA Group Appoints Kennedy Uzoka Managing Director-Designate

Posted: Mar 2, 2016 at 9:06 am   /   by   /   comments (0)

The UBA Group board on Tuesday elevated Mr Kennedy Uzoka as the new Group Managing Director-designate.

Uzoka’s appointment, according to the bank, will take effect from August 1, 2016 and subject to the approval of the Central Bank of Nigeria, CBN.

Mr Uzoka succeeds Phillips Oduoza, who retires on July 31, 2016, after two terms as Managing Director and Chief Executive of the UBA Group.

Uzoka until his new appointment led the transformation agenda of the bank, after returning from the Advanced Management Programme of Harvard Business School.

The UBA Managing Director-designate has over two and half decades of experience in commercial banking, strategy and business transformation.

Before his sabbatical at Harvard, Uzoka served as UBA Group Deputy Managing Director and was also the CEO of UBA Africa, responsible for the Group’s operations in 18 African countries.

Uzoka, a graduate of Mechanical Engineering from University of Benin, also holds a Masters Degree in Business Administration from University of Lagos.

The UBA Group also announced the appointment of Mr Victor Osadolor as the Deputy Managing Director-designate.

Osadolor brings a strong finance and risk background, having previously served as the Executive Director, Risk and Finance at UBA.

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.

Mr Tony Elumelu, Chairman of UBA Group, said in a statement made available to Independent that both appointments bring extremely strong skill to the financial institution.

“Uzoka 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 Osadolor 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 thank Oduoza 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 Oduoza’s term provide an excellent basis for our further success,” he said.

UBA is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York.