Zenith Bank has appointed Mustafa Bello as its new chairman following the mandatory retirement of founder Jim Ovia after 12 years as Group Chairman.
Zenith Bank has announced a leadership transition following the mandatory retirement of its founder and Group Chairman, Jim Ovia, after completing his 12-year tenure under Central Bank of Nigeria corporate governance guidelines.
In a corporate notice issued on Tuesday, the bank expressed deep gratitude to Ovia for his decades of service.
“His visionary leadership, unwavering commitment to good governance, and dedication to stakeholders’ value creation significantly strengthened the Group’s strategic positioning and reputation during his tenure,” the bank stated.
Mustafa Bello, a former non-executive director of the bank, has been appointed as the new chairman. A civil engineering graduate of Ahmadu Bello University, Bello previously served as Nigeria’s Federal Minister of Commerce and as Executive Secretary of the Nigerian Investment Promotion Commission.