Zenith Bank Plc has announced the appointment of Kennedy Okwudili as executive director, effective May 1.
The appointment was disclosed in a filing to the Nigerian Exchange and signed by company secretary Michael Otu.
The bank said the decision is part of its succession plan to appoint leaders from within and strengthen its executive management.
Mr Okwudili studied accounting at the University of Maiduguri, graduating in 1998.
He later earned a Master of Business Administration from Ahmadu Bello University, Zaria and a Master of Science in Accounting from Veritas University, Abuja.
He has worked in the bank for over 25 years across credit, marketing, treasury, compliance and operations and has served in different departments and locations.
Kennedy Okwudili is a fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers of Nigeria. He is also an associate of the Chartered Institute of Taxation of Nigeria.
He has attended programmes at the Lagos Business School, Harvard Business School and Saïd Business School.
He is the president of the Catholic Bankers Association of Nigeria.
In its financial report for the nine months ended September 30, 2025, Zenith Bank recorded a pre-tax profit of N917.4 billion.
Interest income rose to N2.74 trillion from N1.94 trillion in the same period of 2024. Income from loans and advances stood at N1.3 trillion, while investment securities contributed N740.5 billion.
Fees and commission income increased to N299 billion, including account maintenance fees of N64 billion and electronic product fees of N59 billion.
Total assets rose to N31.18 trillion, driven by cash balances, loans and investment securities.
The bank is yet to release its audited results for the 2025 financial year.
On the Nigerian Exchange, Zenith Bank shares have risen in 2026, crossing N100 in March and trading at N107.5 as of March 24.
