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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/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Appointments

Wema Bank Plc. Appoints Dr. (Mrs.) Oluwayemisi Olorunshola as Board Chairman

Wema Bank has appointed Dr. (Mrs.) Oluwayemisi Olorunshola as its board’s Chairman as Mr. Babatunde Kasali, the current Board Chairman, prepares for retirement in compliance with the Bank’s Articles of Association.

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Wema Bank- Investorsking

Wema Bank has appointed Dr. (Mrs.) Oluwayemisi Olorunshola as its board’s Chairman as Mr. Babatunde Kasali, the current Board Chairman, prepares for retirement in compliance with the Bank’s Articles of Association.

Johnson Lebile, Company Secretary/General Counsel, Wema Bank disclosed this in a statement obtained by Investors King on the Nigerian Exchange Group.

Background of Dr. (Mrs.) Oluwayemisi Olorunshola

Dr. (Mrs) Oluwayemisi Olorunshola joined the Bank as a Non-Executive Director in year 2022 and until her new appointment, was the Chairman, of the Board’s Nomination and Governance Committee.

Prior to her joining the Bank, Dr. (Mrs) Olorunshola had worked with Unilever Nigeria Plc for fifteen (15) years with experience spanning across supply chain, business re-engineering and process management. She has over ten (10) years of boardroom experience and business management.

She possesses a B.Sc. degree in Education & Economics from the prestigious Obafemi Awolowo University, Ile Ife, a Master of Business Administration degree from University of Liverpool, UK, and a Doctorate degree in Business Administration from Walden University, USA.

She is a well trained professional in various aspects of business management and corporate governance practices from various training facilities such as Four Acres Training Facility, Unilever UK, FITC, Leishton Academy, H Pierson, and her work experience spans every aspect of supply chain including Business & Production Planning, Procurement, Distribution, Import & Export, and Logistics Services.

She is a lover of education. Her widely read publication on small business sustainability strategies published in the Journal of Functional Education (JFEAcademia), Proquest.com, and Academia.edu, has been referenced by many scholars.

Dr. Olorunshola is a Director and a fellow of the International Institute for African Scholars, Fellow, Institute of Management Consultants, Member, Institute of Directors, and a chartered member of the Nigerian Chartered Institute of Personnel Management. An ardent believer in community development and in pursuant of this interest, she is a volunteer in many civic activities where she has contributed greatly to the development of her community and other areas of influence.

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Appointments

Lafarge Africa Plc Appoints Rajesh Surana as Non-Executive Director Following Resignation of Grant Earnshaw

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Lafarge Africa - Investors King

Lafarge Africa Plc, one of Nigeria’s leading cement manufacturing companies, has announced the resignation of Mr. Grant Earnshaw from the company’s Board of Directors.

The resignation of Mr. Earnshaw, who served as a Non-Executive Director of the company, took effect from 6th April 2023.

In a statement released by the company, Lafarge Africa Plc expressed its appreciation for Mr. Earnshaw’s immense contributions to the growth of the company and wished him well in his future endeavors.

The company also announced the appointment of Mr. Rajesh Surana as a Non-Executive Director, effective from 27th April 2023. Mr. Surana, a well-known entrepreneurial “P&L” leader in the industry, is a Chartered Accountant and Chartered Company Secretary with over 20 years of experience in leading multinationals across several countries and continents.

According to the company’s statement, Mr. Surana’s strategic vision in problem-solving has led to multiple successful mergers and acquisitions, turnarounds, and startups.

He holds a Bachelor of Commerce from the Shri Ram College of Commerce, Delhi University; an FCA, Accounting from the Institute of Chartered Accountants of India, and FCS, Corporate Laws & Secretarial from the Institute of Company Secretaries of India.

Mr. Surana joined Holcim Group in 2005 as Head of Finance and Company Secretary and has served in various capacities, including Chief Executive Officer and Country Representative across Asia and Africa. He is currently the Area Manager East & South Africa in Holcim.

In addition to his extensive professional experience, Mr. Surana has served as a Board member of the International Chamber of Commerce & Industry, French Bangladesh Chamber of Commerce, American International School, Dhaka, and Overseas School of Colombo.

He is also a member of The European Business Climate Dialogue and a Founding Member & President of Dhaka Indian CEOs Group.

Lafarge Africa Plc’s appointment of Mr. Surana as a Non-Executive Director is expected to strengthen the company’s Board and bring his wealth of experience to bear in advancing the company’s strategic goals.

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Appointments

TotalEnergies Marketing Nigeria Plc Appoints Bunmi Popoola-Mordi as Executive Director

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TotalEnergies Marketing Nigeria Plc has recently announced the appointment of Mrs. Bunmi Popoola-Mordi to its Board as an Executive Director, effective from 1st April, 2023.

The decision was approved by the company’s Board of Directors and has been notified to the Nigerian Exchange Limited and the investing public.

Bunmi Popoola-Mordi, a law graduate and member of the Nigerian Bar Association, has an impressive track record spanning various fields such as legal practice, banking, human resources management, industrial relations, communication, corporate governance, investor relations, public relations, amongst others. She has several post-graduate degrees in law and an MBA in oil and gas management.

Mrs. Bunmi Popoola-Mordi has been associated with TotalEnergies Marketing Nigeria Plc since 2011 when she joined the company as Legal Affairs Manager/Company Secretary. In 2015, she was promoted to General Manager Human Resources & Corporate Services/Company Secretary, and in 2019, she was appointed Executive General Manager Total Country Services.

With her appointment as Executive Director Human Resources & Corporate Services, she will bring her extensive experience and expertise to drive the company’s operations to greater heights. The appointment is expected to enhance the company’s corporate governance structure and boost its investor relations and public relations efforts.

In a statement signed by Mr. Jean-Philippe Torres, Chairman of TotalEnergies Marketing Nigeria Plc, he expressed confidence in Bunmi Popoola-Mordi’s ability to deliver on her new role, stating that “her wealth of experience and knowledge of the company’s operations make her a valuable addition to our team.”

The appointment of Bunmi Popoola-Mordi is a testament to TotalEnergies Marketing Nigeria Plc’s commitment to promoting diversity and inclusion in its workforce and creating opportunities for career advancement for its employees.

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