Zenith Bank is set to announce Dame (Dr.) Adaora Umeoji as its new Group Managing Director/Chief Executive Officer (GMD/CEO).

She replaces Dr. Ebenezer Onyeagwu whose 5 year tenure as GMD/CEO has elapsed.

Sources within the bank confirmed to Nairametrics that her appointment as GMD/CEO is in line with the bank’s succession plan. It was gathered that the bank prefers to appoint insiders as Group Managing Directors/Chief Executives.

The Board of Zenith Bank Plc recently announced the reappointment of Dame Umeoji as the Deputy Managing Director of the bank after she was initially affected by the ban director tenure limitation under Godwin Emefiele.

An official press release is also expected soon.

Details later…