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Appointments

UBA Appoints New Group Managing Director, Executive Board Members

United Bank for Africa appointed Oliver Alawuba to oversee the bank’s operations across 20 African countries, including the United Kingdom, the United States, France, and the United Arab Emirates.

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Oliver Alawuba - Investors King

United Bank for Africa, a leading financial institution in Nigeria, has appointed Oliver Alawuba as Group Managing Director to oversee the bank’s operations across 20 African countries, including the United Kingdom, the United States, France, and the United Arab Emirates.

The bank that was just licensed to operate in the United Arab Emirates disclosed in a press release signed by Bili A. Odum, Group Company Secretary.

Mr. Alawuba is expected to resume his new position on August 1, 2022, subject to approval by the Central Bank of Nigeria.

Oliver Alawuba joined UBA in 1997 and has held a series of senior positions, including as the CEO of UBA Ghana, the CEO of UBA, Africa and most recently, as Group Deputy Managing Director.

UBA Group Chairman, Tony Elumelu, stated ‘I am very pleased to announce Oliver Alawuba as the new Group Managing Director of the UBA Group. Oliver has extensive experience in Nigeria and our African network and is well equipped to advance our pan-African and global strategy.

I have no doubt that Oliver will build on the legacy of Kennedy Uzoka, who has exemplified transformational leadership by championing a customer-first philosophy; launching our twentieth operation in Africa, UBA Mali; acquiring a wholesale banking licence for UBA UK in the United Kingdom; and opening our fourth global operation, UBA Dubai, in the United Arab Emirates”.

Oliver Alawuba expressed his commitment to his new role as Group Managing Director saying “I am grateful for the opportunity to lead this great institution and would like to thank the UBA Group Chairman and the members of the Board of Directors for the confidence they have put in me to deliver the mandate.”

Other executive appointments are:

  • Ms. Sola Yomi-Ajayi, Executive Director, Treasury and International Banking. Sola has been with the Group since 2004 and has considerable international experience, culminating in her appointment as CEO of UBA America.
  • Mr. Ugochukwu Nwagodoh, Executive Director, Finance and Risk Management. Ugo joined the Group from PwC in October 2004. He has since held a series of significant roles in the areas of performance management, compliance, financial control and reporting.
  • Mr. Alex Alozie, Executive Director and Group Chief Operating Officer, who joined the Group in 2019 and has driven the Group’s digital transformation and operational efficiencies.
  • Ms. Emem Usoro, Executive Director, North Bank. Emem joined the Group in 2011 and has served in a series of senior regional appointments across Nigeria, covering the retail, corporate and public sectors.

The appointments as after the following executive directors retired: Mr. Kennedy Uzoka, Mr. Uche Ike, Mr. Chukwuma Nweke, Mr. Ibrahim Puri and Mr. Chiugo Ndubisi.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Appointments

Cadbury Nigeria Appoints Abhiroop Chuckarbutty as Non-Executive Director

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Cadbury Nigeria

The Board of Directors of Cadbury Nigeria PLC has appointed Mr. Abhiroop Chuckarbutty as a Non-Executive Director with effect from Thursday 25th October 2024.

Mrs Afolasade Olowe, Company Secretary announced in a statement obtained by Investors King.

Mr. Abhiroop Chuckarbutty is Business Unit President for Sub Saharan Africa (SSA) and is a member of the Asia Pacific, Middle East and Africa (AMEA) Leadership Team.

In his role, Abhi is responsible for driving the operational strategy and long-term growth of the SSA markets.

He joins Mondelēz International from Lipton Teas & Infusions, where he was President of the Africa, Middle East & Turkey business unit, a business which he was responsible for setting up as a standalone entity from Unilever.

Prior to this role, Abhi had spent more than two decades in Unilever – having started his career at Hindustan Unilever Limited, the Indian arm of Unilever – with roles in sales, media and marketing.

His last role at Unilever was as VP Foods & Refreshments for North Africa Middle East.

With a diverse range of experience in CPG, Mr. Chuckarbutty has strong consumer, customer and execution capabilities in the region.

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Appointments

Stanbic IBTC Appoints Dr. Kunle Adedeji as Acting CEO Ahead of Leadership Transition

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Stanbic IBTC - investorsking.com

The Board of Stanbic IBTC has appointed Dr. Kunle Adedeji as the acting Chief Executive Officer of the financial institution ahead of the end of Dr. Demola Sogunle’s tenure on October 31, 2024.

Adedeji, who brings with him over 25 years in the banking sector, was confirmed on October 2, 2024, in a letter addressed to the Nigerian Exchange (NGX) and signed by the company secretary, Chidi Okezie.

Okezie revealed that Dr. Kunle Adedeji‘s appointment is set to take effect on November 1, 2024.

The statement detailed that Adedeji, who was in 2019 appointed as an Executive Director, is also the current Chief Finance and Value Management Officer of the Company.

Okezie noted that he will continue serving in the position while also serving as Acting Chief Executive of the Company.

The statement reads, “Adedeji, brings a wealth of experience and a strong track record of leadership within our organization.

Dr Adedeji, who was appointed as an Executive Director in 2019 is a seasoned financial expert with over 25 years in the banking sector.

“He holds an MBA in Finance from the University of Lagos and a DBA from the SBS Swiss Business School, Switzerland.

He is also the current Chief Finance and Value Management Officer of the Company and will continue in this capacity throughout the duration of his tenure as Acting Chief Executive of the Company.

The Board is confident that Mr. Adedeji’s leadership would be instrumental in driving the growth strategy of Stanbic IBTC Group.”

Investors King learned that Dr. Adedeji is set to succeed Dr. Demola Sogunle, whose tenure as the firm’s Chief Executive will come to an end on October 31, 2024.

Stanbic IBTC expressed gratitude to the outgoing CEO for his significant contributions during his 35 years of service.

“The Board of Directors expresses its heartfelt gratitude for his unwavering commitment, visionary leadership, and pivotal role in steering Stanbic IBTC through various challenges and milestones,” the statement added.

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Appointments

David Isiavwe and Chinwe Iloghalu Emerge Executive Directors At NOVA Bank

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NOVA Bank has strengthened its leadership by appointing Mr. David Isiavwe and Mrs. Chinwe Iloghalu as Executive Director, Operations and Information Technology, and Executive Director, Institutional and Commercial Banking, respectively.

David Isiavwe and Chinwe Iloghalu are both experts in the banking sector, and with their wealth of experience, the bank is set to drive its innovation and growth, particularly after its recent transition to a national commercial bank.

Mr. Phillips Oduoza, the bank’s chairman, stated that the addition of Isiavwe and Iloghalu marks a critical point in the bank’s growth.

With these seasoned professionals on board, NOVA aims to become a key player in Nigeria’s banking sector.

Announcing the appointments, Phillips Oduoza noted, “The addition of Dr. Isiavwe and Mrs. Iloghalu marks a pivotal moment in constituting the management team that will lead NOVA into its next phase of growth.

“David’s expertise in technology will be key in enhancing our phygital model, while Chinwe’s strong business drive and relationship management, coupled with the retail and product engine of the bank, will be instrumental in driving the bank’s strategic intent to become a formidable player in the banking industry.”

He added, “Their deep understanding of digital and electronic banking will significantly contribute to our trademarked phygital experience, which seamlessly combines the best of in-person service and bespoke digital solutions to serve our customers.

Both leaders bring valuable experience that aligns perfectly with NOVA’s vision to be Africa’s preferred financial solutions provider.”

Mrs. Iloghalu brings nearly 30 years of experience across sectors like energy, corporate, and digital banking. She holds an MSc in Media and Communications, an MBA, and is a Fellow of the Institute of Credit Administration.

Meanwhile, Mr. Isiavwe, with over 30 years of experience in banking and a PhD in Accounting, will focus on driving NOVA’s digital transformation.

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