One of the nation’s second generation banks, Zenith Bank Plc, on Tuesday appointed Jim Ovia as board chairman and non-executive director of the bank.
The appointment of Ovia, the pioneer Managing Director and Chief Executive Officer of Zenith Bank Plc, was contained in statement issued by the bank on Tuesday in Lagos.
The statement by the bank’s group Managing Director, Peter Amangbo, said Ovia takes over from Steve Omojafor, who resigned last month.
It also said that the appointment had been approved by the Central Bank of Nigeria (CBN), headed by Godwin Emefiele, Ovia’s successor as Zenith Bank’s Managing Director.
The statement also said that Ovia’s appointment would take effect on July 16, 2014.
Ovia retired from the bank about four years ago following the CBN policy, which limited the tenor of banks chief executive officers to a maximum of 10 years.
With the new appointment, Ovia now becomes the second former CEO retired by the CBN policy to assume the chairmanship of a bank.
Akinsola Akinfemiwa, former Managing Director of Skye Bank Plc, is the current chairman of Heritage Bank Plc.
Zenith Bank also appointed Olusola Oladipo as an Executive Director.
Oladipo, who joined the services of the bank in 1995, had previously worked in First City Monument Bank and Prime Merchant Bank Limited.