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Tag: GMD/CEO

  • Zenith Bank appoints first female GMD/CEO

    Zenith Bank appoints first female GMD/CEO

    Zenith Bank Plc on Tuesday announced the appointment of Dr Adaora Umeoji as its Group Managing Director/Chief Executive Officer (CEO), effective June 1.

    This was disclosed in a notification sent to the Nigerian Exchange Ltd. (NGX) by the bank’s Company Secretary, Mr Michael Otu.

    Otu said that the appointment was subject to approval by the Central Bank of Nigeria (CBN).

    He stated that Umeoji takes over from Dr Ebenezer Onyeagwu, the bank’s current Group Managing Director, whose five-year term expires on May 31.

    The company secretary noted that Umeoji would be the first female GMD/CEO since the inception of the bank.

    According to him, Umeoji’s appointment is consistent with the bank’s executive transition tradition, succession plan, and strategy of grooming leaders from within.

    Otu said that prior to the appointment, Umeoji had been the Deputy Managing Director of the bank since Oct. 28, 2016, with close to 30 years cognate banking experience of which 26 years had been with Zenith Bank.

    Umeoji is an alumnus of the  Harvard Business School where she attended the Advanced Management Program (AMP) and an alumnus of Columbia Business School with a Certificate in the Global Banking Programme.

    She holds a Bachelor’s Degree in Sociology from the University of Jos, a Bachelor’s Degree in Accounting and a First-Class honors in Law from Baze University, Abuja.

    She also holds a Master of Laws from the University of Salford, United Kingdom, a Master in Business Administration (MBA) from the University of Calabar and  a doctorate in business administration from Apollos University, U.S.

    Umeoji holds a Certificate in Economics for Business from the prestigious MIT Sloan School of Management, USA, and has attended various management programmes in renowned Universities around the world.

    This includes, the strategic thinking and management programme at Wharton Business School, U.S.

    She also attended the executive programme in Strategic Management and has a certificate in Leading Global Business from Harvard Business School, U.S.

    Umeoji is a fellow of notable professional bodies including the Chartered Banker Institute, UK, Chartered Institute of Bankers of Nigeria, Nigerian Institute of Management, Institute of Credit Administration, Institute of Certified Public Accountants of Nigeria.

    She is also a fellow of Institute of Chartered Mediators and Conciliators, and the Institute of Chartered Secretaries and Administrators of Nigeria, among others.

    In 2022, the Federal Government of Nigeria honored Umeoji with Officer of the Order of the Niger (OON), as a recognition of her contributions to nation building.

    She is a Peace Advocate of the United Nations (UN-POLAC) and has impacted many lives through her philanthropic and humanitarian activities through her NGOs; Pink Breathe Cancer Foundation and the Adorable Foundation.

    As a result of her passion for promoting professionalism in the banking industry and improving the well-being of the less privileged, Umeoji founded the Catholic Bankers Association of Nigeria (CBAN).

    The platform is used to promote ethical banking and service to humanity.

    She is a Lady of the Order of Knights of St. John International (KSJI), and was awarded a Papal Knight of the Order of St. Sylvester by His Holiness Pope Francis.

  • Zenith Bank announces appointment of new GMD/CEO

    Zenith Bank announces appointment of new GMD/CEO

    Zenith Bank Plc. has announced the appointment of Ebenezer Onyeagwu as the Group Managing Director/Chief Executive Officer of the bank with effect from June 1, 2019.

    The bank, in a notice sent to the Nigerian Stock Exchange (NSE) on Monday, said the appointment is subject to the approval of the Central Bank of Nigeria (CBN).

    Onyeagwu replaces Peter Amangbo, whose tenure expires on May 31, 2019 following a very successful career spanning over 27 years, with the last five years as GMD/CEO.

    His replacement, Onyeagwu, is a vastly experienced banker and financial expert, trained in reputable institutions of learning in Nigeria, the United Kingdom and United States of America.

    He is an alumnus of the prestigious University of Oxford, England, from where he obtained a Postgraduate Diploma in Financial Strategy, and certificate in Macroeconomics.

    He also undertook extensive executive level business education in Wharton Business School of the University of Pennsylvania, Columbia Business School of Columbia University, the Harvard Business School of Harvard University (all in the United States) and Lagos Business School of the Pan African University, Nigeria.

    Onyeagwu is a Chartered Accountant and was named a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), in 2003.

    Onyeagwu, who is a graduate of accounting from Auchi Polytechnic, began his career at the defunct Financial Merchant Bank in 1991 and later held several management positions in the erstwhile Citizens International Bank Limited until 2002.

    He joined Zenith Bank Plc in 2002 as a Senior Manager, in the Internal Control and Audit Group of the bank.

    His professionalism, competence, integrity and commitment to the set objectives of the bank saw him rise swiftly between 2003 and 2005, first, as Assistant General Manager, then Deputy General Manager, and eventually as General Manager of the bank.

    He was named Executive Director of the bank in 2013, and put in charge of Lagos and South-South Zones as well as strategic groups/business units of the bank including Financial Control & Strategic Planning, Treasury and Correspondent Groups, Human Resources Group, Oil and Gas Group, and Credit Risk Management Group, etc.

    He was named Deputy Managing Director of the bank in 2016 and is on the board of Zenith Bank Ghana, Zenith Pensions Custodian Limited, Zenith Nominees Limited and African Finance Corporation.

    As Deputy Managing Director, he had oversight over the bank’s Financial Control and Strategic Planning, Risk Management, Retail Banking, Institutional and Corporate banking business portfolios, IT Group, Credit Administration, Treasury and Foreign Exchange Trading, as well as general administration of the bank, among others.