United Capital Plc has announced the retirement of Professor Chika Mordi, chairman of the Board, along with Mr. Emmanuel Nnorom, Non-Executive Director.
According to a disclosure filed with the Nigerian Exchange, their retirement marks the completion of their tenures on the Board of United Capital Plc.
It highlighted that their leadership has driven the company to greater heights, spurring growth, robust expansion, and governance enhancement.
In line with the Securities and Exchange Commission (SEC) guidelines and the company’s Board Succession Plan, the Board has appointed Uche Ike as Chairman of the Board of Directors.
Commenting on the Board leadership transition, Mr. Peter Ashade said:
“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.”
The company reaffirmed its commitment to strong corporate governance, regulatory compliance, and prioritizing the meeting of stakeholders’ expectations while delivering exceptional value to shareholders.
Chika Mordi joined United Capital Plc as Non-Executive Director in January 2013 and was appointed the Chairman of the Board in January 2014.
Mr. Emmanuel Nnorom joined the Board in January 2014. During their tenures, both directors made significant contributions to the Group’s growth and transformation.
The newly appointed Chairman, Uche Ike, is an experienced professional with a Bachelor’s degree in Accountancy and a Master of Business Administration. He is an Associate Member of the Institute of Chartered Accountants of Nigeria (ICAN), with over three decades of banking experience spanning Operations, Internal Audit, Enterprise Risk Management, Fraud Management, and Regulatory Compliance. He is a member of other prestigious organizations.
Before joining United Capital Plc, he served as General Manager of UBA New York Branch, and then he became the Executive Director of Risk Management, Compliance, and Corporate Governance at United Bank for Africa (UBA).
