The Board of the United Bank for Africa Plc has announced the appointment of Phillips Oduoza as the Group Chief Executive Designate. Mr. Oduoza has over 22 years experience in banking and financial services, spanning banking operations, relationship management, credit/marketing, technology implementation, risk management, lean banking methods and brand management.
Prior to this appointment, Mr. Oduoza was the bank's Deputy Managing Director South, which is the largest strategic business in the group.
He will resume in his new position on August 1, 2010. In the interim, Mr. Oduoza will be working with Tony Elumelu, the current Group Chief Executive of UBA to ensure that the transition is seamless.
This is coming in the wake of Central Bank of Nigeria's announcement that, "Chief Executive Officers (CEO) of banks shall serve a maximum tenure of 10 years... all CEOs who would have served for 10 years by July 31, 2010 shall cease to function in that capacity and shall hand over to their successors
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SO this guys are actually going too step down? What of Ovia?
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