Lagos, Nigeria; 31 – 05 – 2015: The Board of Heirs Holdings today
announced the appointment of Emmanuel Nnorom as Group Chief Executive
Officer. Mr Nnorom previously served as chief executive of Heirs Holdings’
affiliate Transnational Corporation of Nigeria Plc and will join the Heirs
Holdings’ Board, reporting directly to the Group Chairman, Tony Elumelu.
The appointment will take effect from 1 June 2017.
As Group CEO, Mr Nnorom will provide day-to-day leadership at Heirs
Holdings and be responsible for execution of group strategy for the
proprietary investment firm, whose portfolio of investments includes
power, oil and gas, financial services, hospitality, real estate and
medical services, with a pan-African footprint of 20 countries.
The Chairman of Heirs Holdings, Mr. Tony O. Elumelu, stated:
“Emmanuel is a highly respected member of the Heirs Holdings executive
management team and his success at Transcorp, with its multi-sector
portfolio and his broader knowledge of Africa and commitment to our
pan-African vision, gained at UBA, make him uniquely qualified for the
position.
Equally important, the creation of a CEO role at Heirs Holdings,
demonstrates our continuing commitment to institutionalising effective
corporate governance and ensuring that our investment in human capacity
matches our ambitious growth strategy”.
At Transcorp, Mr. Nnorom was responsible for the success of Transcorp
businesses, including Transcorp Power, Transcorp Hilton Hotel, Transcorp
Hotel Plc, and Transcorp Energy. Prior to Transcorp, Mr. Nnorom had held
senior positions at Heirs Holdings and had served as an Executive Director
at UBA and Managing Director of UBA Africa, overseeing the Group’s African
subsidiaries. He has also held the position of UBA Group Chief Operating
Officer, with responsibility for information technology, operations,
corporate services, marketing and corporate communications, customer
service, UBA Properties, human resources and regulatory affairs.
ABOUT HEIRS HOLDINGS
Heirs Holdings is an African proprietary investment company with interests
in Power, Oil&Gas, Financial services, Real Estate & Hospitality and
Healthcare. The Group’s operations are firmly rooted in the economic
philosophy of Africapitalism, which positions the Private Sector as the
key enabler of economic and social wealth creation in Africa.