Group Chief Executive Officer (GCEO) of United Capital, Toyin F. Sanni will be resigning in a couple of weeks. She made this known in a post on her LinkedIn page, on Sunday. Several news media had hinted at this.
While not stating her next direction, she did hint with a hashtag that she would be starting a venture of her own.
The move is a surprising one in view of the company’s stellar performance in the last few years.
Sanni was appointed Group CEO of United Capital in January 2014.
She attended Queens School, Ibadan between 1975-1980. She then obtained an LLB from the University of Ife (now Obafemi Awolowo University, OAU) in 1984, followed by an LLM from the University of Lagos in 1998.
She has also attended executive education courses at University of Pennsylvania-Wharton School, Lagos Business School, Harvard Business School and IESE Business School.
Prior to her appointment as GCEO of United Capital, she had spent 8 years as the CEO of UBA Trustees. She also had stints at the Cornerstone Group and First Trustees Limited (now FBN Quest Trustees).
United Capital Plc was incorporated in Nigeria as a Limited Liability Company on March 14, 2002.
It became a public company and was listed on the Nigerian Stock Exchange (NSE) in January 2013 after a successful spin-off from United Bank for Africa Plc.
United Capital is a holding company with three subsidiaries namely United Capital Trustees Limited, United Capital Asset Management Limited and United Capital Securities Limited. Its areas of business include investment banking, trusteeship, asset management and stockbroking.
The stock closed at N3.16 on Friday at the NSE, down 10.48% year-to-date.