LAGOS, MARCH 1, 2016 – At a meeting held at UBA House, the UBA Group Board
today approved the appointment of Kennedy Uzoka as the new Group Managing
Director, with effect from August 1st, 2016 and subject to the approval of
the Central Bank of Nigeria. Mr. Uzoka succeeds Mr. Phillips Oduoza, who
retires on July 31, 2016, after two terms of leading the UBA Group.
Mr. Kennedy Uzoka has most recently been leading the transformation agenda
of the Bank, after returning from completing the Advanced Management
Programme of Harvard Business School. Mr. Uzoka has over two and half
decades of experience in commercial banking, strategy and business
transformation. Prior to his sabbatical at Harvard, Mr. Uzoka served as
Deputy Managing Director, UBA group and was also the CEO of UBA Africa,
responsible for the Group’s operations in 18 countries across Africa.
Mr. Uzoka is a graduate of Mechanical Engineering from University of Benin
and holds a Masters Degree in Business Administration from University of
Lagos.
Also appointed today, was Mr. Victor Osadolor as the Deputy Managing
Director, UBA Group. Mr. Osadolor brings a strong finance and risk
background, having previously served as the Executive Director, Risk and
Finance at UBA. Mr. 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.
The Chairman of UBA Group Mr. Tony Elumelu said of both appointments:
“Kennedy 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 Victor 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 take the opportunity to thank Phillips, 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 Mr.
Oduoza’s term provide an excellent basis for our further success.”