Zenith Bank Plc has announced the appointment of Dr Adaora Umeoji as its Group Managing Director/Chief Executive Officer (CEO), effective June 1.
This was disclosed on Tuesday, March 19, 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).
Adaora Umeoji’s appointment brings to 10 the number of women manning the CEO chairs of the nation’s banking sector.
Others are Miriam Olusanya (GT Bank), Yemisi Edun (FCMB), Halima Buba (SunTrust Bank), Ireti Samuel-Ogbu (CitiBank), and Nneka Onyeali-Ikpe (Fidelity Bank).
Also among the female CEOs of banks are Tomi Somefun (Unity Bank), Kalifat Araoye (Lotus Bank), Bukola Smith (FSDH Merchant Bank) and Yetunde Oni (Union Bank).
Adaora Umeoji (Zenith Bank) will take 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.
