Board Appoints Executive Director, Emeka Okonkwo, as Successor
LAGOS, NIGERIA – The Board of Union Bank Nigeria Plc announces today that, after eight years leading the Bank, its Chief Executive Officer, Emeka Emuwa, has communicated his decision to retire from the Bank and his role as CEO on March 31, 2021.
Emeka 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.
With his imminent departure, the Board has appointed Emeka Okonkwo, an Executive Director currently leading the Bank‘s Corporate Banking business, to succeed him. The appointment is subject to the approval of the Central Bank of Nigeria.
Nigeria: Union Bank CEO, Emuwa, Retires
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Nigeria: Union Bank CEO Emuwa Retires, Okonkwo Named MD Designate
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By Obinna Chima
The Board of Union Bank Nigeria Plc yesterday 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. However, Okonkwo’s appointment is subject to the approval of the Central Bank of Nigeria (CBN).
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.