Zenith Bank Plc has appointed Dr. Adaora Umeoji as its new Group Managing Director, effective June 1, 2024.
This was disclosed in a statement signed by the Company Secretary, Michael Otu, which was filed with the Nigerian Exchange Limited on Tuesday.
Umeoji will take over from the current GMD, Dr. Ebenezer Onyeagwu, whose time in office expires May 31.
“Dame (Dr.) Adaora Umeoji is the first female GMDCEO since the inception of the bank, and her appointment is consistent with the bank’s executive transition tradition, succession plan, and strategy of grooming leaders from within,” part of the statement read.
Before this appointment, Umeoji has been the Deputy Managing Director of the bank since October 28, 2016 and has close to 30 years of banking experience of which 26 years has been with Zenith Bank.
With this appointment, Umeoji will join the ranks of female bank MDs in Nigeria and make her the first female MD of the bank.
Zenith Bank is one of the banks in Nigeria that has large asset banks and belongs to the elite club of banks with a market value of over N1tn.
At the close of trading on Tuesday, Zenith Bank was worth N 1.19tn, and its shares were priced at N38.1 per unit.
