UBA Names New Chairman as Tony Elumelu Steps Down

(Emmanuel Nnorom And Chairman, United Bank for Africa Plc, Tony Elumelu Photo Credit: Punch News)

United Bank for Africa has introduced Emmanuel Nnorom as its new Group Chairman.

He took over the role on August 21, replacing Tony Elumelu, who stepped down after serving the maximum time allowed for non-executive directors under Central Bank rules.

Nnorom is an experienced businessman and chartered accountant with over forty years in the field.

He spent more than eight years working in top jobs at UBA, including as Managing Director and CEO of UBA Africa, Group Chief Operating Officer and Group Chief Financial Officer.

He also served as a Non-Executive Director on the bank’s board before becoming chairman.

The bank said his appointment comes at an important moment as the group continues to expand across Africa.

With his deep knowledge of UBA’s operations and growth, he is well positioned to lead the bank forward.

Beyond UBA, Nnorom has held senior roles at major Nigerian companies.

He was President and Chief Executive Officer of Transnational Corporation between 2014 and 2017, and has been Group CEO of Heirs Holdings since 2017

. Earlier in his career, he worked in senior management at Standard Trust Bank, Diamond Bank and other financial institutions.

He is a Fellow of the Institute of Chartered Accountants of Nigeria and an Honorary Member of the Chartered Institute of Bankers of Nigeria.

He studied executive leadership and management programmes at Templeton College, Oxford.