Union Bank announces new board chairman

Union Bank of Nigeria Plc has announced the appointment of Bayo Adeleke as its new board chairman along with seven other new members to its board.

The new appointees, according to a statement released yesterday, include two executive directors, Kelechi Nwaoba and Taiwo Shote, and five non-executive directors – Mohammed Balarabe, Chiamaka Ezenwa, Ibrahim Oruma, Oluyinka Morgan and Eileen Shaiyen.

The new board chairman brings extensive experience in the banking and financial services industry, having held leadership roles at First Bank of Nigeria Limited.

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, Balarabe has a distinguished career in corporate banking and regulatory compliance, while Ezenwa has global experience in financial services, particularly in sustainable infrastructure.

The bank’s Managing Director and Chief Executive Officer, Mrs Yetunde 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, Yetunde 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, EDs and non-executive directors will significantly contribute to our strategic goals and reinforce our position as a leader in the industry,” she said.

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.”