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United Bank for Africa Plc Picks Caroline Anyanwu to Join its Board

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Mrs Caroline Anyanwu - Investors King

United Bank for Africa (UBA) has picked Mrs. Caroline Anyanwu to join its board of directors effective May 19, 2021.

The leading pan-African financial services institution disclosed in a statement signed by Bili A. Odum, Group Company Secretary, United Bank for Africa Plc.

Caroline Anyanwu holds a First-Class degree in Statistics from the University of Ilorin in Nigeria and has worked extensively in the fields of accounting, taxation, credit risk and banking throughout her career of close to four decades. She worked at UBA from 1996-2006, where she held the position of Head, Credit Risk Management. Mrs. Anyanwu also served as the Deputy Managing Director of Diamond Bank with supervisory responsibility for risk management, until her retirement in 2019.

Commenting on the appointment, Tony Elumelu, the Chairman, UBA Plc, said “We welcome Caroline back to the UBA Group after fifteen years. She helped develop our credit and risk management, and her track record leaves me in no doubt that she will be able to harness her considerable experience across the African continent to bring valuable contributions to the Group Board of UBA. Corporate governance and risk management are central to what we do at UBA and Caroline Anyanwu aligns perfectly with our vision.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Appointments

The Board of Chemical and Allied Products Plc (CAP Plc) Appoints Vitus Ezinwa as a Non-Executive Director

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Chemical & Allied Products (CAP) Plc - Investors King

The Board of Chemical and Allied Products Plc (CAP Plc) has appointed Dr. Vitus Ezinwa as a Non-Executive Director of the company effective from Thursday June 17, 2021, subject to the approval of the Company’s shareholders at the next Annual General Meeting.

The company announced in a statement signed by Ayomipo Wey, Company Secretary/General Counsel, CAP Plc.

Dr. Ezinwa is a seasoned business manager and human resource professional with experience in leading multinational corporations.

He is currently the Chief Operating Officer (COO) of UAC of Nigeria Plc (“UACN”) and previously, the Group Director of HR at UACN.

Prior to Joining UACN, Dr. Ezinwa worked as Group Human Resources Director for Promasidor Africa; Human Resources Director, CocaCola Nigeria & Equatorial Africa with responsibility for 10 countries and Human Resources Director for British American Tobacco, West & Central Africa covering Ghana, Benin, Niger & Togo.

Dr. Ezinwa was, until recently, the Group Human Resource Director for Tropical General Investments (TGI) Group.

He is a member of the Advisory Board of Afterschool Graduate Development Centre, member of the Institute of Directors and a Fellow of the Chartered Institute of Personnel and Development (CIPD) UK.

He is a co-founder and Director of HR Network Africa and was until 2014, a member of the Lagos Business School’s Advisory Board. He holds a Bachelor’s degree in Sociology/Anthropology from the University of Nigeria, Nsukka, MBA in Management from Lagos Business School, a Master’s in applied business research and a Doctorate in Business Administration, both from Swiss Business School, Zurich, Switzerland.

In addition to holding an executive director role on the Board of UACN, Dr. Ezinwa is a non-executive director of Grand Cereals Limited.

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African Development Bank Group Appoints Dr. Beth Dunford as Vice President, Agriculture, Human and Social Development

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African Development Bank - Investors King

The African Development Bank Group is pleased to announce the appointment of Dr. Beth Dunford as Vice President, Agriculture, Human and Social Development, effective 1st July 2021.

Dr. Dunford, a national of the United States of America, brings extensive experience to this role. She has held senior level leadership positions in the US government, where she managed large and complex programs, working with the private sector, civil society, and multilateral and bilateral institutions, as well as with African governments, to deliver agricultural, social and human development impact at scale.

Prior to her appointment, Dunford worked as the Assistant to the Administrator in the U.S. Agency for International Development’s (USAID’s) Bureau for Resilience and Food Security, as well as the Deputy Coordinator for Development for Feed the Future, the U.S. government’s global hunger and food security initiative. In this dual role, she coordinated Feed the Future across multiple U.S. government agencies, oversaw a $1 billion annual budget and leveraged millions of direct private sector investment annually. In this capacity, she also coordinated a $2.3 billion Feed the Future presidential initiative across 11 U.S. government agencies and forged partnerships within the private sector and civil society targeted at reducing hunger and poverty. She also led USAID’s technical and regional expertise focused on improving agriculture-led growth, resilience, nutrition and water security, sanitation and hygiene.

A career member of the senior foreign service at USAID, Dunford previously served as Director of USAID’s Mission in Nepal, leading the U.S. government’s health, education, agriculture and environment programs as well as its contribution to Nepal’s massive earthquake recovery and reconstruction effort. She also worked in Afghanistan as Agriculture and Alternative Livelihoods Program Director, USAID/Afghanistan, where she directed agriculture, resilience and emergency food assistance programs.

Dunford has also served in Ethiopia as Director, Office of Assets and Livelihoods, USAID/Ethiopia, where she led government officials, scholars, donors and NGOs, to craft the program, now a model used worldwide to map how emergency and development operations can collaborate to build communities’ resilience to recurrent crises.Dunford also held a number of roles in Washington, including Deputy Assistant to the Administrator in the Bureau for Food Security and Senior Development Advisor to the Secretary of State’s Special Representative to Afghanistan and Pakistan. Dr. Dunford also worked as Senior Policy Advisor, Office of the Chief Operating Officer and as Regional Development Advisor, East Africa, USAID/Washington.

Commenting on her appointment, Dunford said: “I am excited to join the African Development Bank Group and be part of the senior management team. I am passionate about the Bank’s development agenda that has attracted global attention as bold and innovative for accelerating Africa’s development. I am honored to be part of the team to further achieve social and economic transformation on the continent”.

President of the African Development Bank, Dr. Akinwumi A. Adesina said, “I am delighted to appoint Dr. Beth Dunford as Vice President to lead the Bank’s work on Agriculture, Human and Social Development. Beth is a strategic and effective leader with deep knowledge and impressive track record in designing and delivering highly impactful large-scale programs that have helped in lifting 27 million people out of poverty in 36 countries. With over 20 years experience working and delivering programs globally with a focus in Africa, she brings hands-on leadership and drive that will further accelerate our work to deliver greater development impacts”.

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Lasaco Assurance Appoints Razzaq Abiodun as Acting MD/CEO, as Mr. Segun Balogun Retires

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Lasaco Assurance - Investors King

Lasaco Assurance Plc, an insurance and financial services company, on Monday appointed Razzaq Abiodun as the Acting Managing Director and Chief Executive Officer (CEO) of the company following the retirement of Mr. Segun Balogun on Saturday, 29th May 2021.

This was disclosed in a statement signed by Gertrude Olutekunbi, Company Secretary, Lasaco Assurance and seen by Investors King.

Part of the statement reads, “Consequently, the Boord of Directors has approved the appointment of Mr. Razzaq Abiodun as the Acting Managing Director/CEO.”

“Mr. Razzaq Abiodun joined Lasaco Assurance Plc in 2Ol7 as Executive Director Technical and later became Deputy Managing Director Technical. The company has benefitted from his wealth of experience and exposure on insurance matters.”

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