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The Board of Union Bank Nigeria Plc has announced the appointment of Mr Emeka Okonkwo as its incoming Chief Executive Officer.
This appointment is sequel to the decision of the incumbent CEO, Mr Emeka Emuwa, to retire from the aforementioned capacity by 31st of March 2021, according to the press release sent by the financial giant to the Nigerian Stock Exchange platform.
Nairametrics gathered that Mr Emuwa joined Union Bank in November 2012, following a $500 million investment by Union Global Partners. Following his resignation, Mr Emuwa is expected to step down from the Board of Union Bank, bringing to an end a fruitful and meritorious 8 years of service.
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Union Bank Nigeria Plc said on Monday that after eight years of leading the bank, its Chief Executive Officer, Emeka Emuwa, has communicated his decision to retire from the bank and his role as chief executive officer on March 31, 2021.
It said this in a statement entitled ‘CEO Emeka Emuwa to retire after eight years – Board appoints executive director, Emeka Okonkwo, as successor’.
Emuwa joined Union Bank in November 2012, following a $500m investment by Union Global Partners, with a mandate to transform and restore one of Nigeria’s oldest institutions back to its rightful position as a respected provider of financial services.
The company’s Directors also announced the addition of Ms. Nadia Mohammed as Non-Executive Director.
This announcement was made by the Company in a notification issued and signed by the Company’s Secretary, Mrs Fola Akande, in compliance with the Listing Rules of the Nigerian Stock Exchange.
These appointments will be effective 1st January 2021, subject to ratification at the company’s next Annual General Meeting (AGM) in 2021.
What you should know
Mrs. Kofoworola Akinkugbe is the founder of Interface Technologies (1998), SecureID Limited (2005), and SecureCard Manufacturing (2012).
She sits on the Boards of the Manufacturers’ Association of Nigeria (Sitting on the board of EXCO), Fintech Association of Nigeria Sokoa Chair Centre Limited, ICS Outsourcing Limited, Lifeworth Medicare Limited, African Missions L/Gte.
By Obinna Chima
The Board of Union Bank Nigeria Plc Minday announced that its Chief Executive Officer, Mr. Emeka Emuwa, will retire on March 31, 2021, after leading the financial institution for eight years.
Emuwa joined Union Bank in November 2012, following a $500 million investment by Union Global Partners, with a mandate to transform and restore one of Nigeria’s oldest institutions back to its rightful position as a respected provider of financial services.
According to a statement, the Board has appointed an Executive Director currently leading the bank‘s Corporate Banking business, Emeka Okonkwo, to succeed Emuwa. The appointment is however, subject to the approval of the Central Bank of Nigeria. Commenting on his retirement, Emuwa said: