UBA Appoint a New Group Of Director

The United Bank for Africa (UBA) Group Board yesterday
approved the appointment of Kennedy Uzoka as the
Group Managing Director, with effect from August 1.

The appointment, the company said, is subject to the
approval of the Central Bank of Nigeria (CBN). Uzoka
succeeds Phillips Oduoza, who retires on July 31 after
two terms of leading the UBA Group.
Uzoka has most recently been leading the
transformation agenda of the bank, after returning from
completing the Advanced Management Programme of
Harvard Business School.

He has over two and half decades of experience in
commercial banking, strategy and business
transformation. Prior to his sabbatical at Harvard, he
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.

He is a graduate of Mechanical Engineering from
University of Benin and holds a Masters Degree in
Business Administration from University of Lagos.
Also appointed yesterday, was 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 Oduoza’s
term provide an excellent basis for our further success.”