The United Bank for Africa Plc (UBA) has appointed Henrietta Ugboh as an independent non-executive director, bringing her extensive banking experience to its board. UBA confirmed the appointment in a statement on Wednesday, noting that it has received approval from key regulatory bodies, including the Central Bank of Nigeria (CBN).
Henrietta Ugboh’s appointment comes as UBA announces the retirement of Owanari Duke, who served on the board as an independent non-executive director since October 2012. Duke’s contributions over the years have been recognized for enhancing UBA's commitment to corporate governance and strategic growth. The transition reflects UBA’s continuous efforts to maintain a strong and effective leadership structure.
Tony Elumelu, UBA's chairman, expressed confidence in Ugboh's ability to make a valuable impact on the board, highlighting her deep expertise and professionalism. “Henrietta Ugboh brings a track record of professional success, integrity, and leadership, which will further strengthen the UBA Group Board, underlining once again the Group’s commitment to robust corporate governance,” Elumelu stated.
Ugboh joins the UBA board with a notable background in commercial banking, credit, and risk management. She holds a degree in Economics and Statistics from the University of Benin and an MBA from ESUT Business School. Additionally, she is an alumna of Harvard Business School's executive management program, a credential that underscores her commitment to continued growth and leadership in the financial industry.
With over 30 years of banking experience, Ugboh has held significant roles at Citibank, where she developed her skills in various key areas that will now benefit UBA. Her expertise aligns with UBA’s goals to maintain strong governance, manage risk effectively, and strengthen its corporate structure. Ugboh is also an honorary senior member of the Chartered Institute of Bankers of Nigeria (CIBN) and a fellow of the Institute of Credit Administration (FICA), further validating her standing in the banking sector.
The UBA board anticipates that Ugboh’s leadership and industry insights will help guide the bank through its next phase of growth. Her addition to the board reflects UBA's strategy of leveraging seasoned professionals to enhance its operations across Africa and beyond.
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