Zenith Bank appoints Adaora Umeoji as GMD/CEO designate

The Board Directors of Zenith Bank Plc has announced the appointment the appointment of Dr. Adaora Umeoji as the Group Managing Director/ Chief Executive of Zenith Bank Plc. 

This was contained in the Bank’s notice to the Nigerian Exchange Limited and the investment public seen by Nairametrics. 

According to the statement, the appointment is with effect from June 1, 2024, and is subject to approval by the Central Bank of Nigeria (CBN).   

She will take over from Dr. Ebenezer Onyeagwu, whose tenure expires on May 31, 2024.  

With the appointment, Adora becomes the first female to lead the bank, where she currently serves as the deputy GMD. 

 Zenith Bank prefers to appoint insiders as Group Managing Directors/Chief Executives. 

• The Board of Zenith Bank Plc recently announced the reappointment of Dame (Dr) Adaora Umeoji as the Deputy Managing Director of the bank after she was initially affected by the ban director tenure limitation under Godwin Emefiele.
• According to the statement signed by Micheal Osilama Otu, the Company Secretary the appointment is consistent with the bank’s tradition and succession strategy of grooming leaders from within.

Profile of Adaora Umeoji

Prior to this appointment, Dr. Umeoji has been the Deputy Managing Director of the bank since October 28, 2016, and has close to thirty (30) years of cognate banking experience of which twenty-six (26) years has been with Zenith Bank.  

• She is an alumnus of the prestigious 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 Program.
• 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 holds a Master of Laws from the University of Salford, United Kingdom, a Master in Business Administration (MBA) from the University of Calabar, and also has a doctorate in business administration from Apollos University, USA.
• She 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 including the strategic thinking and Management programme at Wharton Business School, USA.
• She also attended the executive program in Strategic Management and has a Certificate in Leading Global Business all from Harvard Business School, USA.
• She 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, 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 Dr. Umeoji with Officer of the Order of the Niger, as a recognition of her contributions to nation-building. She is a Peace Advocate of the United Nations (UN-POLAC).

She has impacted many lives through her philanthropic and humanitarian activities through her NGOs; Pink Breathe Cancer Foundation and the Adorable Foundation which educates and caters to Cancer patients and indigent children education especially the Girl- Child.

• Her contribution to humanity was recognized by the Sun Newspaper which recently bestowed on her the Humanitarian Service Icon Award for 2023.
• As a result of her passion for promoting professionalism in the banking industry and improving the well-being of the less privileged, Dr. Adaora Umeoji, OON founded the Catholic Bankers Association of Nigeria (CBAN), a platform she uses 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.