The board of directors of the United Bank for Africa plc (UBA) has appointed Abiola Bawuah, as the chief executive officer (CEO) of UBA Africa.
According to a statement by the UBA group on Monday, Bawuah is the first female CEO of UBA Africa, and will also join as an executive director, overseeing the group’s operations across Africa, outside Nigeria.
The bank operates in 19 African countries beyond Nigeria, in addition to global operations in New York, London, Paris, and the UAE.
“Her appointment further demonstrates UBA’s commitment to diversity. The UBA group board now includes eight female directors,” the statement said.
Prior to her appointment, Bawuah was regional CEO of West Africa, supervising the group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of CEO of UBA Ghana.
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Speaking on the new appointment, Tony Elumelu, the group board chairman, said “Abiola has contributed significantly to the growth of UBA Africa for close to a decade. She brings a wealth of experience in commercial banking and stakeholder engagement. It also gives me great pleasure that with her appointment, the UBA group board has now become a majority female board.”
The UBA group also announced the following executive roles: Chris Ofikulu becomes the regional CEO of UBA West Africa. Ofikulu has over two decades of banking experience spanning corporate, commercial, and retail banking.
Uzoechina Molokwu will take on the role of deputy managing director (DMD) of UBA Ghana, subject to local regulatory approvals. He was previously the executive director of business development at UBA Côte d’Ivoire and has over 23 years of banking experience.
Ayokunle Olajubu will be the managing director/CEO of UBA Liberia, subject to local regulatory approvals. He currently drives compliance across African subsidiaries and comes with 30 years of banking experience in Nigeria and other African countries, including Sierra Leone, Cote D’Ivoire, and the Gambia.
Theresa Henshaw has been appointed as CEO of UBA UK, subject to local regulatory approvals. She was previously the DMD, business development, at UBA America and joined the group as ED, business development at UBA UK.
Usman Isiaka, currently CEO of UBA Sierra Leone, will be the deputy CEO of UBA America, subject to local regulatory approvals.
Adeyemi Adeleke, the former CEO of UBA, UK is now the group treasurer. Adeleke will be working to unlock the immense value in the group’s multi-jurisdictional balance sheet, leveraging on its presence in 24 countries within and beyond Africa.
In addition to the executive appointments, UBA has announced the retirement of Samuel Oni, an independent non-executive director, from the board following the expiration of his tenure. He joined the UBA group in January 2015 and served on the board of the group for eight years.
Elumelu expressed his appreciation to Oni, for his commitment, leadership, and extensive contributions to the UBA group and on behalf of the board wishes him the very best in all his future endeavours.
