By Kolawole Ojebisi
Union Bank of Nigeria PLC. has announced the appointment of Mr. Bayo Adeleke as its new Board Chairman, along with seven other new members to its Board of Directors.
This development is contained in a statement issued by management of the bank on Sunday.
According to the statement other new appointees include two Executive Directors, Mr Kelechi Nwaoba and Mr Taiwo Shote, and five Non-Executive Directors: Mr Mohammed Balarabe, Mrs Chiamaka Ezenwa, Mr. Ibrahim Oruma, Mrs. Oluyinka Morgan, and Mrs. Eileen Shaiyen.
The statement noted that the new Board Chairman, Mr. Bayo Adeleke, brings extensive experience in the banking and financial services industry, having held leadership roles at First Bank of Nigeria.
His strategic acumen and commitment to excellence will be instrumental in guiding the bank’s next phase of growth and transformation.
The other new appointees according to the statement , also bring a wealth of experience and expertise to the board. For instance, Mr. Mohammed Balarabe has a distinguished career in corporate banking and regulatory compliance, while Mrs. Chiamaka Ezenwa has global experience in financial services, particularly in M&A and sustainable infrastructure.
The bank’s Managing Director and Chief Executive Officer, Mrs. Yetunde B. Oni, expressed satisfaction with the new appointments, stating that they demonstrate the bank’s commitment to building a robust leadership framework.
The new board members are expected to contribute significantly to the bank’s strategic goals and reinforce its position as a leader in the industry.
Commenting on the financial institution’s recent board reconstitution, Mrs. Yetunde B. Oni, Managing Director and Chief Executive Officer of Union Bank of Nigeria, expressed satisfaction with the calibre of appointed board members who will help and guide the Bank in achieving its strategic vision.
“These appointments are a testament to Union Bank’s unwavering commitment to building a robust leadership framework. The collective expertise of our newly appointed Chairman, Executive Directors, and Non-Executive Directors will significantly contribute to our strategic goals and reinforce our position as a leader in the industry.’’Oni said while commenting on the appointments.
The Bank according to the statement, promised all its customers that “the new additions to its leadership structure would continue to evolve, innovate, and ensure excellent services that would meet their demands and propel the financial institution to long-term, meaningful growth”.
