By Valentine Amanze
Online Editor
The board of UAC of Nigeria Plc (UACN) has announced Abdul Akhor Bello as the new group managing director/ chief executive officer.
He succeeds Mr Larry Ephraim Ettah, who will proceed on his pre-retirement leave from January 1, 2018, after notifying the board of his decision to retire on the same date after 11 years in the role.
The board chairman, Dan Agbor, however, commended Ettah for his achievements in the company, stressing that the outfit under him hit N100 billion mark.
His words: “It is on record that UAC of Nigeria Plc under Larry’s capable leadership has seen a decade of strong performance, growth and significant transformation.
“We are on course to becoming a N100 billion topline organization by the end of this year. We thank Larry for his invaluable contributions to the Group in almost 30 years of service, half of which have been on the Board. Larry will always have a honoured place in the memory of the company and, on behalf of the board, we offer him the respect and gratitude of UACN.”
On Bello, the chairman described him as a worthy successor.
He said that in
the Board’s choice of Bello as a successor, the company has demonstrated again the robustness of its succession planning and validates the depth of the leadership bench within the business.
“We have every confidence that Bello has the ability to ensure that, under his stewardship, the company will continue to build on its strong foundations, drive its strategic agenda, and generate competitive returns to our shareholders.”
