Union Bank of Nigeria Plc has announced the retirement of Dick Kramer as the company’s Non-Executive Director. In a statement by Union Bank’s Company Secretary, Somuyiwa Sonubi, the lender disclosed that Kramer’s retirement took effect from Monday, September 16, 2019.
What you should know: Dick Kramer joined the Board of Directors of Union Bank as a Non-Executive Director in 2012. He is the Chairman of African Capital Alliance, an organization that has pioneered the management of private equity investments in high potential sectors of the Nigerian economy.
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As a trained accountant, he earned an MBA from Harvard Business School prior to joining Arthur Andersen in 1958 where he worked in all areas of the firm’s practice in the USA, Latin America, Middle East, Europe, India as well as Africa. He became the founding Managing Partner of the firm in Nigeria in 1978.
In 1994, Dick remained in Nigeria to consult, invest and continue community service activities. He is a member of the Lagos Business School Advisory Board and the American Business Council.
Dick’s achievements include – He is a Recipient, Officer of the Order of the Federal Republic (OFR), Founder and first Vice Chairman, Nigeria Economic Summit Group, President, Harvard Business School Association of Nigeria (HBSAN), Head, Technical Team and Member of Vision 2010 Committee, and a recipient of Zik Prize in Leadership.
About the lender: Union Bank was established in 1917 and is one of Nigeria’s long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients.
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With a laudable geographical network comprising more than 300 service centres and over 950+ ATMs spread across Nigeria, the lender has been serving customers and bank users across the country nearly a century now.
Meanwhile, Union Bank Nigeria Plc last traded its shares on the Nigerian Stock Exchange (NSE) at N7.
