At a meeting held at UBAÂ House, the UBAÂ GroupÂ Board todayÂ approved the appointment ofÂ KennedyÂ UzokaÂ as the new Group Managing Director,Â with effect from AugustÂ 1st, 2016 and subject toÂ theÂ approvalÂ ofÂ the Central Bank of Nigeria. Â MrÂ UzokaÂ succeeds PhillipsÂ Oduoza,Â who retires on July 31, 2016, after two terms of leading the UBA Group.
KennedyÂ UzokaÂ hasÂ most recentlyÂ been leadingÂ the transformation agenda of theÂ Bank,Â afterÂ returningÂ from completing theÂ Advanced Management ProgrammeÂ of Harvard Business School.Â MrÂ UzokaÂ hasÂ over twoÂ and halfÂ decadesÂ of experienceÂ inÂ commercial banking,Â strategy and business transformation.Â Prior to his sabbatical at Harvard,Â MrÂ UzokaÂ served as Deputy Managing Director, UBA group and was also the CEO of UBA Africa, responsible for the Groupâ€™sÂ operations in 18 countries across Africa.
MrÂ UzokaÂ is a graduateÂ of Mechanical EngineeringÂ from University of Benin and holds aÂ Masters Degree in Business AdministrationÂ from University of Lagos.
Also appointed today, was VictorÂ OsadolorÂ as the Deputy Managing Director, UBAÂ Group.Â Â MrÂ OsadolorÂ bringsÂ a strongÂ finance andÂ risk background,Â havingÂ previouslyÂ servedÂ as theÂ ExecutiveÂ Director, Risk and Finance at UBA. MrÂ OsadolorÂ alsoÂ held the position ofÂ Chief Strategy Officer at EcobankÂ Transnational Incorporation. HeÂ holdsÂ a Bachelor ofÂ Science degree inÂ Accounting andÂ is a Fellow of the Chartered Institute of AccountantsÂ of Nigeria.Â He alsoÂ holds the Advanced Management Programme Certificate fromÂ the Harvard BusinessÂ School.
The Chairman of UBAÂ Group Mr. TonyÂ ElumeluÂ saidÂ of bothÂ appointments:
â€œKennedyÂ brings an extremely strong skill set and is ideally positioned to lead UBA in its next phase of growth.Â His most recent experience of managing the Groupâ€™s increasinglyÂ important African business,Â is particularly relevant, as we all work to build one of the leadingÂ financial servicesÂ franchises in Africa.Â Â Â I have no doubt thatÂ both he and Victor with their expertise andÂ depth of business experience will ensure that theÂ Bank is best positioned toÂ deliver on its strategicÂ ambition.
I would also like to take the opportunity to thank Phillips,Â for all that he has done for the Bank in guidingÂ UBAÂ through a particularly challenging period.Â The Board feels that the strong foundations createdÂ duringÂ MrÂ Oduozaâ€™sÂ termÂ provide an excellentÂ basisÂ for our further success.â€