Union Bank of Nigeria Plc has announced the retirement of Dick Kramer as the company’s Non-Executive Director. In a statement signed by Union Bank’s Company Secretary, Somuyiwa Sonubi, the lender disclosed that Kramer’s retirement took effect from Monday, September 16, 2019.
Kramer joined the Board of Directors of Union Bank as a Non-Executive Director in 2012. He was 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.
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, Kramer 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.
His achievements include being 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.