CORPORATE NEWS: UBA, IEI;

UBA: NEW CEO

UBA PLC will have a new group managing director from August 1, this year. He is Mr Kennedy Uzoka, now the deputy group managing director.
According to a notice to the stock market signed by group company secretary, Bili A Odum esq, dated March 1, the Board of directors approved the appointment subject to formal approval by the Central Bank of Nigeria.
Also appointed was a new deputy managing director, in the person of Mr Victor Osadolor.
Mr Uzoka is a veteran of sorts in UBA having been posted to so many units of the group since the merger with Standard Trust Bank Ltd.
As deputy managing director and UBA Africa CEO. He supervises group operations across 18 African countries and also overseas two strategic support areas viz ebanking and information technology.
Prior to this  he supervised UBA business in New York and London and was at one time or the other involved in Human relations, Legal advisory services; procurement and vendor management and corporate relations and marketing.
He holds a Bsc mechanical engineering from the University of Benin and an MBA from the university of Lagos.
He is also an alumnus of Harvard Business school; International Institute of management development Lausance, Switzerland and the London business school.

IEI: CEO REMOVED

The substantiive managing director of International Energy Insurance Plc, Mrs Roseline Ekeng, who was sent on compulsory leave last year, has been removed from office.
According to a letter dated February 29 2016  sent to the exchanged and signed by the company secretary, H M Michael & Co, was removed by the board of directors.
The board had met on February 4 2016 to review the situation and resolved that she and the company secretary mr Paul Ekpenisi who was also asked to proceed on leave earlier be relieved of their positions.
The board confirmed the appointment of Mr Peter Irene who had been acting managing director since Mrs Ekeng proceeded on leave.
Also confirmed was the appointment of Messrs H Michael & co as company secretary.

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