The board of Heirs Holdings has announced the appointment of Emmanuel Nnorom as its group chief executive officer.
Mr. Nnorom previously who served as chief executive of Heirs Holdings’ affiliate Transnational Corporation of Nigeria Plc will join the Heirs Holdings’ Board, reporting directly to the group chairman, Mr. Tony Elumelu.
The appointment takes effect from June 1, 2017.
As group chief executive officer, Nnorom will provide day-to-day leadership at Heirs Holdings and be responsible for execution of group strategy for the proprietary investment firm, which portfolio of investments includes power, oil and gas, financial services, hospitality, real estate and medical services, with a pan-African footprint in 20 countries.
Commenting on the appointment, Elumelu said: “Emmanuel is 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 chief executive officer 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.”
At Transcorp, Nnorom was responsible for the success of Transcorp businesses, including Transcorp Power, Transcorp Hilton Hotel, Transcorp Hotel Plc, and Transcorp Energy.
Prior to working in Transcorp, he held senior positions at Heirs Holdings and had served as an executive director at UBA as well as managing director of the bank 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.
Heirs Holdings is an African proprietary investment company with interests in power, oil and gas, financial services, real estate and hospitality and healthcare. The group’s operations are firmly rooted in the economic philosophy of Africapitalism, which positions the private sector as the key enabler of economic and social wealth creation in Africa.