The Board of Heirs Holdings today
announced the appointment of Emmanuel Nnorom as Group Chief Executive Officer.
Mr Nnorom previously served as chief executive of Heirs Holdings’ affiliate
Transnational Corporation of Nigeria Plc and will join the Heirs Holdings’
Board, reporting directly to the Group Chairman, Tony Elumelu. The appointment
will take effect from 1 June 2017.
As Group CEO, Mr Nnorom will provide
day-to-day leadership at Heirs Holdings and be responsible for execution of
group strategy for the proprietary investment firm, whose portfolio of
investments includes power, oil and gas, financial services, hospitality, real
estate and medical services, with a pan-African footprint of 20
countries.
The Chairman of Heirs Holdings, Mr. Tony
O. Elumelu, stated:
“Emmanuel is a highly respected member
of the Heirs Holdings executive management team and his success at Transcorp, with
its multi-sector portfolio and his broader knowledge of Africa and commitment
to our pan-African vision, gained at UBA, make him uniquely qualified for the
position.
Equally important, the creation of a CEO
role at Heirs Holdings, demonstrates our continuing commitment to
institutionalising effective corporate governance and ensuring that our
investment in human capacity matches our ambitious growth strategy”.
At Transcorp, Mr. Nnorom was responsible
for the success of Transcorp businesses, including Transcorp Power, Transcorp
Hilton Hotel, Transcorp Hotel Plc, and Transcorp Energy. Prior to
Transcorp, Mr. Nnorom had held senior positions at Heirs Holdings and had
served as an Executive Director at UBA and Managing Director of UBA Africa,
overseeing the Group’s African subsidiaries. He has also held the position of
UBA Group Chief Operating Officer, with responsibility for information
technology, operations, corporate services, marketing and corporate
communications, customer service, UBA Properties, human resources and
regulatory affairs.
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