Zenith Bank Plc has announced the appointment of Dr. Adaora Umeoji as its new Group Managing Director, effective June 1, 2024, succeeding Dr. Ebenezer Onyeagwu, whose tenure ends on May 31.
In a statement signed by the Company Secretary, Michael Otu, and filed with the Nigerian Exchange Limited on Tuesday, Umeoji’s appointment marks a historic moment as she becomes the first female GMDCEO in the bank’s history.
Umeoji, who has served as the Deputy Managing Director of the bank since October 28, 2016, brings nearly 30 years of banking experience to her new role, with 26 years spent at Zenith Bank.
Her extensive academic background includes alumni status at Harvard Business School, Columbia Business School, and the University of Salford, among others. Umeoji holds degrees in sociology, accounting, and law, as well as master’s degrees in law and business administration. Additionally, she holds a doctorate in business administration from Apollos University, USA.
With this appointment, Umeoji joins the ranks of female bank MDs in Nigeria and becomes the first female MD of Zenith Bank, a key player in Nigeria’s banking sector with a market value exceeding N1 trillion.
As of Tuesday’s trading session, Zenith Bank’s market capitalization stood at N1.19 trillion, with shares priced at N38.1 per unit.
