UAC of Nigeria Plc (UACN) has announced the resignation of Awuneba Sotonye Ajumogobia, as its Independent Non-Executive Director.
A statement issued by the company said Mrs. Suzanne Olufunke Iroche is expected to replace Ajumogobia in that position.
Until her resignation which took effect from Wednesday, Ajumogobia chaired UAC’s Risk Management Committee.
Iroche’s appointment to the Board of UACN as Independent Non-Executive Director takes effect on Thursday.
Iroche has several years of broad-based experience in Merchant and Commercial Banking, spanning the areas of Corporate and Institutional Banking, Marketing, Correspondent and International Banking, Treasury and Regional expansion.
Iroche’s career: She handled back and front office roles at International Merchant Bank after which she moved to Chartered Bank as a pioneer member of staff to set up the Treasury Division and subsequently moved to the Credit and Marketing sector. She later joined United Bank for Africa (UBA) where she rose to the position of Executive Director, Wealth Management and was responsible for Treasury and Correspondent Banking/Multilateral Agency business and UBA subsidiaries (Asset Management, Trustees and Pension Custody). Her next assignment was as Executive Director of Global Banking where she was responsible for the bank’s expansion and establishment of subsidiaries across the continent.
In 2009, she was appointed as turnaround Chief Executive Officer (CEO) of FinBank Plc by the Central Bank of Nigeria (CBN) under its financial sector reform programme to ensure the stability of the financial system and successfully completed the assignment.
Her academic background: Iroche has a B.Sc. (Hons) Degree in Economics from the University of Lagos and a M.Sc in Management from the Kellogg Graduate School of Management, Northwestern University, Illinois, United States.
She currently serves as Independent Director on the Boards of Coronation Merchant Bank, FCMB Pension Managers, Union Bank UK, and Travelex Representative Office Nigeria Ltd. She is also a member of the University of Lagos Advancement Board and WISCAR Advisory Board – a Non-Governmental Organization dedicated to women’s empowerment.