Abdul Bello to succeed Larry Ettah as GMD/CEO of UACN

Board of UAC of Nigeria plc (UACN) has disclosed that the group managing director/CEO, Larry Ettah, has informed the Board of his decision to retire on January 1, 2018, after 11 years in the role.
He will therefore proceed on his pre-retirement leave from same date. The Board has elected Abdul Bello to succeed him, upon his retirement.
Ettah said, “I am grateful for the privilege and opportunity to have led UAC of Nigeria Plc in the last 11years. I am pleased and proud about the work we have done and are doing. I am supremely confident and optimistic about its future because of its rich culture, resilience, talents, assets and strong platform for growth.
“Abdul is an ideal and logical successor given his background in UACN and track record of achievement at various levels in the organization. He has been a strategic partner since 2010 when he was appointed to the Board as Chief Financial Officer. A role that has acclimated him to understand the challenges, context and evaluate adequacy of response to the work that lies ahead. I believe that the Company will be in more than capable hands.”
Dan Agbor, chairman, UAC of Nigeria, said: “It is on record that UAC of Nigeria Plc under Larry’s capable leadership has seen a decade of strong performance, growth and significant transformation. We are on course to becoming a N100billion topline organisation by the end of this year. We thank Larry for his invaluable contributions to the Group in almost 30years of service, half of which have been on the Board. Larry will always have a honoured place in the memory of the Company and, on behalf of the Board, we offer him the respect and gratitude of UACN.”
In the Board’s choice of Abdul as a successor, the company has demonstrated yet again the robustness of its succession planning and validates the depth of the leadership bench within the business. We have every confidence that Abdul has the ability to ensure that, under his stewardship, the company will continue to build on its strong foundations, drive its strategic agenda, and generate competitive returns to our shareholders.

 
Iheanyi Nwachukwu