United Capital Plc (NGX: UCAP) has announced the retirement of Professor Chika Mordi, Chairman of the Board, and Mr. Emmanuel Nnorom, a Non-Executive Director.
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The announcement was contained in a press release by the company on the Nigerian Exchange Limited on Friday.
Their retirement marks the successful completion of their distinguished tenures on the Board of United Capital Plc. Prof. Chika Mordi, who joined as a Non-Executive Director in January 2013 and became Chairman in January 2014, and Mr. Emmanuel Nnorom, who joined the Board in January 2014, have both made invaluable contributions to the company. During their tenure, both directors
playing key roles in shaping the UCAP’s growth, transformation, and governance journey.
United Capital Plc expressed profound appreciation to both leaders for their years of service, invaluable contributions, and alignment with our governance principles.
In accordance with its Board Succession Plan, and in line with regulations and corporate governance framework, the Board appointed Uche Ike as Chairman of the Board of Directors.
Commenting on the board leadership transition, Group Chief Executive Officer of United Capital Plc, Mr. Peter Ashade, had this to say: “We are deeply grateful to Prof. Chika Mordi and Mr. Emmanuel Nnorom for their outstanding service and transformational leadership. Their contributions have left an indelible mark on our business, culture, and governance. Their legacies are woven into United Capital’s success story, and we salute their efforts. As we welcome Uche Ike as our new board chairman, we are confident that his wealth of knowledge, extensive experience, and strategic foresight will propel United Capital Plc to even greater heights. With his leadership, we are well-positioned to deepen our impact and deliver even greater value to our shareholders and
stakeholders across the continent.”
About Mr. Uche Ike
Uche Ike is an experienced professional who holds a B.Sc. degree in Accountancy, and a Master of Business Administration. He is an Associate Member of the Institute of Chartered Accountants of Nigeria (ICAN). He has over three decades of banking experience spanning Operations, Internal Audit, Enterprise Risk Management, Fraud Management and Regulatory Compliance.
He was the General Manager of UBA New York Branch and had also previously supervised operations in the East and South Banks of UBA Nigeria. He rose to become the Executive Director Risk Management, Compliance and Corporate Governance at United Bank for Africa [UBA]. Uche is an alumnus of the Institute of Management Development (IMD) Lausanne Switzerland, INSEAD France as well as the Chicago Booths Executive Program USA. Prior to his appointment as the Board Chairman, he was the Chairman of the Board Risk and Investment Committee.
He brings a wealth of industry experience, strategic foresight, a strong track record of leadership, and commitment to excellence that will support the Group’s next phase of growth. He will help sustain the company’s forward momentum and further drive United Capital’s vision of becoming Africa’s foremost investment and
financial services group.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
