REG - Zenith Bank Plc - NEW DIRECTOR AND CHAIRMAN <Origin Href="QuoteRef">ZENITHB.LG</Origin>

Zenith BankAnnouncement

06/09/2014 16:38

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RNS Number : 3989M
Zenith Bank PLC
15 July 2014 
 
July 10, 2014 
 
Dear Sir, 
 
APPOINTMENT OF EXECUTIVE DIRECTOR FOR THE BANK 
 
We write to notify you that the Board at its meeting of March 31, 2014
approved the appointment of Mr. Olusola Oladipo as an Executive Director of
the bank, which approval was subject to the approval of the Central Bank of
Nigeria (CBN). 
 
We are pleased to inform you that the Central Bank of Nigeria (CBN) has duly
given its approval to the appointment of Mr. Oladipo. 
 
Mr. Oladipo joined the services of the bank in 1995, having previously worked
in First City Monument Bank (FCMB) and Prime Merchant Bank Limited
respectively. 
 
Mr. Oladipo is a Fellow of the Institute of Chartered Accountants of Nigeria
(FCA), Chartered Institute of Stockbrokers of Nigeria (CISN) and Chartered
Institute of Taxation of Nigeria (CITN). 
 
Yours faithfully, 
 
ZENITH BANK PLC 
 
PETER AMANGBO 
 
Group Managing Director/Chief Executive 
 
July 10, 2014 
 
Dear Sir, 
 
RESIGNATION OF SIR STEVE OMOJAFOR AS CHAIRMAN OF ZENITH BANK PLC AND
APPOINTMENT OF NEW CHAIRMAN FOR ZENITH BANK PLC 
 
We write to notify you that Sir Steve Omojafor has resigned as Chairman of the
Board of Zenith Bank Plc with effect from June 16, 2014. 
 
Also, the Board at its meeting of April 2, 2014 appointed Mr. Jim Ovia as a
Non Executive Director and Chairman of the Board with effect from June 16,
2014 which appointment was subject to the approval of the Central Bank of
Nigeria (CBN). 
 
We are pleased to inform you that the Central Bank of Nigeria (CBN) has duly
given its approval to the appointment of Mr. Ovia. 
 
Mr. Jim Ovia is the Pioneer MD/CEO of Zenith Bank Plc.  He resigned as the
MD/CEO in July 2010 following the Central Bank of Nigeria (CBN) policy which
limits the tenure of Bank Chief Executives to ten (10) years with a provision
that they could return to the Board after three (3) years. 
 
Thanks for your cooperation. 
 
Yours faithfully 
 
ZENITH BANK PLC 
 
PETER AMANGBO 
 
Group Managing Director/Chief Executive 
 
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