Heirs Holdings Appoints Nnorom, Ex-UBA, Transcorp Executive, As Group CEO

The Board of Heirs Holdings, on Wednesday, May 31, 2017, named Emmanuel Nnorom, immediate past chief executive of Transnational Corporation of Nigeria (Transcorp) as Group Chief Executive Officer.
He previously served as an executive of Heirs Holdings and will join the board with effect from Thursday, June 1, 2017, reporting directly to the Group Chairman, Tony Elumelu.
At Transcorp, Nnorom was responsible for the success of the various subsidiaries including Transcorp Power, Transcorp Hilton Hotel, Transcorp Hotel Plc, and Transcorp Energy.
A statement by Heirs Holding on Wednesday said Nnorom will provide day-to-day leadership 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.
Commenting on the appointment, Elumelu described the new Group CEO as “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,” he added.
Before his foray at Transcorp, he 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.
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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