Zenith Bank Plc has announced the retirement of its chairman, Jim Ovia, following the expiration of his tenure.
Ovia is the founder of Nigeria’s leading commercial bank.
The announcement was made on Tuesday during the bank’s ongoing 35th Annual General Meeting, AGM.
The bank said Ovia is exiting the lender after completing the mandatory 12 years as a non-executive director and chairman, in accordance with the corporate governance guidelines issued by the Central Bank of Nigeria, CBN.
Ovia became the bank’s chairman on July 16, 2014, having previously served as Group Managing Director and Chief Executive for 20 years.
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