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Corporate Governance

The Bank has a Board of Directors, accountable to the General Meeting of Shareholders. The current Board consists of nine members appointed by the General Meeting of Shareholders. The term of office of each member of the Board is three years, but they are eligible for another term.

Ato Zafu Eyessuswerk Zafu is the current Chairman of the Board. All Directors have great merit with successful business and professional background.

The Board appoints the CEO of the Bank, who carries out the day-to-day management of the Bank. Ato Melaku Kebede is the current CEO. Two Deputy CEOs, Ten Chief and Twenty Eight Directors with high academic qualification and long years of professional and banking experience assist the CEO.

United Bank’s total number of staff as at June 30, 2020 reached 4,324+ including managerial, supervisory and support staff.

Board of Directors

 

 

 

 

Mr. Zafu EyesusWork Zafu

(Chairman of the Board)

 

 

Date of Birth        :    January 14, 1938

Work Experience

Founder and Managing Director/CEO and Chairman of the Board at United Insurance Company;

Managing Director at City Business S.C. Addis Ababa, Ethiopia

General Manager/ Chief Executive for African Reinsurance Corporation, Lagos Nigeria;

Director /General Manager at Glanvill Enthoven Reinsurance Corporation, Lagos Nigeria;

Underwriter at The African Insurance Company (Sudan) Ltd, Khartoum, Sudan;  

Act/General Manager and Board member of Ethiopian Insurance Corporation;

Act/General Manager  at Pan Africa Insurance Company;

Deputy General Manager at Blue Nile Insurance Company;

Supervisor , Sales & Public Relations, Assistant General Manager Marketing and Deputy General Manager and Secretary of Board of Directors at Blue Nile Insurance Corporation S.C.; 

Trainee/Life Service Inspector, Life Sales Superintendant and Management Trainee at Imperial Insurance Co.;

Accounting/Payroll clerk at Imperial Air Force.

Academic Achievements

M.P.I.A (Master of Public & International Affairs) –Graduate School of Public & International Affairs, University of Pittsburgh, Pittsburgh, Pennsylvania, USA. 

B.A. in Administration – Haile Silassie I University  Addis Ababa,      Ethiopia;

 

 

 

Mr. Getamesay Degefu Woldecherkos

(Deputy Board Chairman)

 

Date of Birth          :  1947

Work Experience   :

Founder and Board Director,  CEO and Partner at OMEDAD;

Financial Manager, Manager Shipping, Clearing and Forwarding, Commodity Trade and Finally Chief Executive Officer at Ethiopia Amalgamated Limited;

Senior Accountant and Manager at ETLCO PLC;

Auditor at A.Besse and Company;

Academic Achievement

B.A. in Accounting from Addis Ababa University.

 

 

Mr. Getachew Ayele

(Board of Director)

Date of Birth          :  August 1954 GC

Work Experience   :

Deputy Managing Director and Legal Advisor for Adama Development PLC, Burayu Development PLC & Adama Real Estate PLC until Currently.

Legal Department Head and Legal Advisor to the Minister in the Ministry of National Defense 1993-2005

Legal Advisor in the former Engineering industry commission 1987-1992. 

Legal Advisor in the former Addis Metal Tools Enterprise and Procurement Department of Defense. 1983-1987. 

High School English Teacher 1974-1976.c. 

Academic Achievement

Masters of Laws from Amsterdam Law School in 2001. G.C with special focus on International law. 

Bachelor of Laws (L.L.B)  Degree from Addis Abeba University in 1984. G.C. 

Advanced Diploma in English Language from the former Teachers's College in 1973, G.C. 

 

 

 

Mr. Tsegaye Degefu Worku

(Board of Director)

 

 

Date of Birth             :  May 7, 1962

Work Experience     :

Sales and Marketing and Customer Service & Logistics Manager at Libya Oil Limited;

Retail Territory Manager, Act/Operations Manager at Shell Ethiopia Ltd. Addis Ababa, Ethiopia.

Sales Representative at SACA, SUZUKI Motors, Addis Ababa, Ethiopia;

Academic Achievement

B.A. Degree in Business Management from Addis Ababa  University;

Diploma in Accounting from Junior Collage of Commerce Addis Ababa, Ethiopia.

Attended Executive Leadership Development Program at Wits Business School, University of the Witwatersrand, (Johannesburg, South Africa.        

 

 

 

 

 

Mr. Wosenu Kumela Gragne

(Board of Director)

 

 

Date of Birth            :     December 17, 1973 EC

Work Experience     :

General Manager (Administrative, Finance Procurement and Technical Departments);

Purchasing Department Manager at  OMEDAD;

Administrative and General Service Manager at OMEDAD.

Academic Achievement

B.A. Degree in Political Science and International Relations from Addis Ababa University. 

 

 

 

Mr. Fikadu Girma G/Mariam

(Board of Director)

 

 

 

 

 

 

Date of Birth           : May 7, 1962

Work Experience    :

General Manager at B.H. Trading and Manufacturing PLC;

General Manager at Abay Technical Trading and Share Company;

Senior Cost Accountant and Manager, Finance Department at Kality Metal Products and Factory;

Junior Accountant and Accountant at Kality Steel Industry;

Payroll Clerk at Awash Tannery.

Academic Achievement

MBL in Business Leadership from University of South Africa (UNISA);

B.A. Degree in Accounting from Addis Ababa University.

 

 

 

Mr. Efrem H/Mariam

(Board of Director)

 

 

 

 

 

Date of Birth           : March9,1974

Work Experience    :

Consultant and Attorney at Law, Eferem's Law Office. 

Manager -Legal Services Department at United Bank S.C. 

Manager _Legal Service Department at Wogagen Bank S.C. 

Academic Achievement

Bachelor of Laws [LL.B] with Distinction, Addis Abeba University, Law Faculty, Dec1991-June 1996.

 

Economics at Addis Abeba University, Law Faculty, Sept. 1998 -February 2003.

Mr Berhanu Getaneh

(Board of Director)

Date of Birth          :  August 12, 1962 GC

Work Experience   :

Chairman, Board of Directors, Ethiopian Bankers Association, 2010-2013,

Chairman, Board of Directors, Premier Switch Solution SC. 2009-2016,

Chairman, Boar of Directors EthSwitch S.C,

Board Director, Addis Ababa Chamber of commerce2009-2011,

Board Director United Bank S.C. 2006-2009,

Board Director United Insurance S.C. 2006-2007,

Board Director Habesha Cement S.C. 20152016

Corporate Advisor of United Bank,

President (CEO) – United Bank, 2005- 2013,

Vice President – Operations United Bank, January 2005 – July 2005,

Vice President – Operation and Strategic Planning Bank of Abyssina (BOA), 2003 -  2004

Credit Department Manager – Construction and Business Bank, 2000-2003,

Head Personnel Division – Construction & Business Bank (CBB),

Academic Achievement

MBA degree from Open University 1998,

B.A. Degree in Management from Addis Ababa University 1985,

High School diploma in commerce Comprehensive High school.

Mr Tefaye Desta Kifemichael

(Board of Director)

Date of Birth          :  August 1964

Work Experience   :

Deputy General Manager, Operations\Non-life, The United Insurance Company SC, August 2016 to date,

Controller, Compliance & Risks Management Services, The United Insurance Company SC, June 2016 to July 2016,

Chief Executive Officer, Oromia Insurance Company SC, December 2011 to May 2016,

Acting Chief Executive Officer (in addition to Executive Officer, Operations), Oromia Insurance Company SC, April 2011 to November 2011,

Executive Officer, Insurance Operation, Oromia Insurance Company SC, February 2011 to March 2011,

Marketing Manager, The Untied Insurance Company SC, February 2007 to December 2010.

Academic Achievement

BA Degree in Accounting from Addis Ababa University in 1987,

Studied Foundation Course in General Insurance (Completed with Certificate), December 1995

Studied courses in Insurance (ACCII) through correspondence at charted Insurance Institute (CII) of London,

Studied course leading to MBA at ILI in 2012

Sociology and Social Administration, and completed with distinction a full year course (4th year module) in 1996 Addis Ababa University,

Certificate in vocational education, commercial stream and ESLCE in 1983 Ambo Comprehensive Secondary School.

 

 

Sub-committees of the Board  

Finance & Risk Review Committee of the Board of Directors

1.

Ato Berhanu Getaneh

Chairperson

2.

Ato Zafu Eyessuswork Zafu

Member

3.

Ato Tesfaye Desta

Member

 

Business Development Committee of the Board of Directors

1.

Ato Berhanu Getaneh

Chairperson

2.

Ato Wossenu Kumela

Member

3.

Ato Tsegaye Degefu

Member

 

Audit Committee of the Board of Directors

1.

Ato Getamesay Degefu

Chairperson

2.

Ato Fekadu Girma

Member

3.

Ato Efrem H/Mariam

Member

 

Loan Review Committee (LRC) of the Board of Directors

1.

Ato Getachew Ayele

Chairperson

2.

Ato Wossenu Kumela

Member

3.

Ato Tsegaye Degefu

Member

  

Structure of the Bank