Emmanuel Nnorom to succeed Tony Elumelu as UBA Group Chairman in 2026
via Punch Nigeria3 min read
Emmanuel Nnorom, a Non-Executive Director on the board of United Bank for Africa Plc, has been appointed as the bank's next Group Chairman. He will succeed Tony Elumelu, who will retire on August 21, 2026, after completing the maximum tenure for non-executive directors under the Central Bank of Nigeria's corporate governance guidelines. Nnorom brings over four decades of corporate leadership experience in banking, finance, audit, operations, and corporate governance. His career includes more than eight years in executive management at UBA, where he served as Group Chief Operating Officer, Executive Director Group Executive Office, Executive Director Finance, Executive Director Risk, and Managing Director/Chief Executive Officer of UBA Africa. He also led UBA's African operations, overseeing the bank's presence across several African countries. Currently, Nnorom serves as Group Chief Executive Officer of Heirs Holdings, a role he has held since June 2017, overseeing its portfolio in financial services, power, healthcare, hospitality, real estate, energy, and technology. Previously, he was President and Chief Executive Officer of Transnational Corporation Plc Transcorp and President and Chief Operating Officer of Heirs Holdings. Nnorom is a Fellow of the Institute of Chartered Accountants of Nigeria and an Honorary Member of the Chartered Institute of Bankers of Nigeria. Born on April 7, 1958, he attended Templeton College, Oxford, for executive leadership and management progra
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