UAC of Nigeria Plc announces retirement of a Director.

UAC of Nigeria Plc has announced the retirement of Dr. Okechukwu John Mbonu from its Board as a Non-Executive Director, effective October 15, 2021.

This is according to a disclosure signed by the Company’s Secretary, Nkemdirim Agboti, which partly reads: ‘ UAC of Nigeria PLC (“the Company”) wishes to inform the Nigerian Exchange Limited, and the investing public that Dr. Okechukwu John Mbonu, a Non-Executive Direcor of the Company, has retired from the Board of Directors (“the Board”), effective October 15 2021.’’

About Dr. Okechukwu Mbonu

Dr. Okechukwu John Mbonu is an experienced executive manager with history of hand-on experience in senior management and consulting positions. He has strong entrepreneurial skills and competencies in business strategy, planning, transformation, marketing & sales operations, governance, among others. He is currently a partner in Execution Edge Limited, an innovative and value-focused advisory firm based in Nigeria.

Dr. Mbonu was appointed to the Board of UAC of Nigeria Plc., on the 25th of November, 2015. He also served as a member of the Governance and Remuneration Committee of the Company until his retirement. Prior to joining the Board, Dr. Mbonu had served in various leadership positions in renowned institutions, such as: PricewaterhouseCoopers (PWC) Nigeria, Cutix Plc, Nigerian Breweries Plc., among others.

He attended the prestigious University of Manchester, UK, where he obtained a Bachelor’s (Distinction) and Master’s degrees in Mechanical Engineering. In addition, he is a fellow of the Nigerian Society of Engineers and the Nigerian Academy of Engineering.


Meanwhile, UAC of Nigeria Plc., closed trading today 18th of October, 2021 with a share price of N10.85 per share.



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