Emmanuel Nnorom named new Group CEO for Tony Elumelu’s Heirs Holdings

Emmanuel Nnorom is the new Group Chief Executive Officer of Heirs Holdings and he is to be reporting directly to Tony Elumelu, the Group Chairman.

Nnorom whose appointment was announced by the board will assume the new duty today June 1, 2017. Until his latest appointment, he served as the chief executive of Transnational Corporation of Nigeria Plc, an affiliate of Heirs Holdings.

In his new position, Nnorom is saddled with providing day-to-day leadership at Heirs Holdings; he will also execute 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 latest appointment, Elumelu, chairman of Heirs Holdings 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 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”.

During his tenure at Transcorp, Nnorom championed the success of Transcorp businesses, including Transcorp Power, Transcorp Hilton Hotel, Transcorp Hotel Plc,  and Transcorp Energy. Before joining Transcorp, 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.