United Capital Plc has announced the retirement of its Board Chairman, Professor Chika Mordi, and Non-Executive Director, Mr. Emmanuel Nnorom.
The development comes as part of the company’s Board Succession Plan and in alignment with recent regulatory directives.
Following the transition, Mr. Uche Ike has been appointed as the new Chairman of the Board of Directors.
This change reflects United Capital’s commitment to strong corporate governance and full compliance with the Securities and Exchange Commission’s (SEC) recently issued circular on board appointments and director tenure for Public Companies and Significant Public Interest Capital Market Operators.
Their retirement marks the successful completion of their distinguished tenures on the Board of United Capital Plc.
Prof. Chika Mordi, who joined as a Non-Executive Director in January 2013 and became Chairman in January 2014, and Mr. Emmanuel Nnorom, who joined the Board in January 2014, have both made invaluable contributions to the company.
During their tenure, both directors played key roles in shaping the Group’s growth, transformation, and governance journey.
Their visionary leadership and strategic oversight ensured a sustained period of growth, robust expansion and governance enhancement.
Their experience, industry expertise and boardroom excellence significantly contributed to the growth and transformation of the Group.
Both directors have expressed their support for this transition, recognising the importance of adhering to the SEC’s guidelines and the role these regulations play in ensuring effective governance and long-term sustainability in the capital markets.
Uche Ike is an experienced professional who holds a B.Sc. degree in Accountancy and an MBA. He is an Associate Member of the Institute of Chartered Accountants of Nigeria (ICAN).
He has over three decades of banking experience spanning Operations, Internal Audit, Enterprise Risk Management, Fraud Management and Regulatory Compliance.
He was the General Manager of UBA New York Branch and had also previously supervised operations in the East and South Banks of UBA Nigeria.
He rose to become the Executive Director of Risk Management, Compliance and Corporate Governance at United Bank for Africa [UBA]. Uche is an alumnus of the Institute of Management Development (IMD), Lausanne, Switzerland, INSEAD, France, as well as the Chicago Booth Executive Program, USA.
Prior to his appointment as the Board Chairman, he was the Chairman of the Board Risk and Investment Committee.Investment
He brings a wealth of industry experience, strategic foresight, a strong track record of leadership, and commitment to excellence that will support the Group’s next phase of growth. He will help sustain the company’s forward momentum and further drive United Capital’s vision of becoming Africa’s foremost investment and financial services group.
Commenting on the board leadership transition, Group Chief Executive Officer of United Capital Plc, Mr. Peter Ashade, had this to say: “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 that regulatory compliance remains central to its operations, ensuring continued transparency, accountability, and sound governance across all levels.
