By Modupe Gbadeyanka
Boardroom expert, Mr Kola Jamodu, has finally bowed out from the board of United Bank for Africa (UBA) Plc.
Mr Jamodu, who heads the boards of PZ Cussons Nigeria and Nigerian Breweries, is leaving UBA as a non-executive director following his retirement yesterday.
UBA, in a statement to the Nigerian Stock Exchange (NSE) today, said the Mr Jamodu served on the board for 12 years.
“In accordance with the Nigerian Stock Exchange (NSE) Rulebook, we hereby notify the NSE of the retirement of Chief Kola Jamodu, CFR, a Non-Executive Director from the Board of United Bank for Africa Plc, with effect from January 28, 2019, following the expiration of his tenure.
“Chief Kola Jamodu, CFR joined the UBA Group in January 2007 and served on the Board of the Bank for 12 years, successfully completing three terms of four years each.
“Amongst other board roles, Chief Kola Jamodu, CFR also served as the Chairman of the Board Risk Management Committee,” the lender said in the statement.
In recognition of his service while he was with the financial institution, the board wished Mr Jamodu well in his future endeavours.
“The Board of United Bank for Africa Plc would like to express its appreciation to Chief Kola Jamodu, CFR for his commitment, leadership and extensive contributions to UBA Group.
“The Board wishes him the very best in all his future endeavours,” the statement signed by Company Secretary, Bili Odum, said.
