Zenith Bank Gets New MD

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New Zenith Boss

Zenith Bank Plc has announced the appointment of Mr Peter Olisamedua Amangbo as the Managing Director/CEO-designate, effective June 1, 2014.

The board of the bank had resolved to appoint Amangbo at a special meeting attended by eight directors including the CBN governor designate, Emefiele, which held at the Zenith Bank head office in Lagos, yesterday morning.

The outgoing CEO Mr. Godwin Emefiele was last week approved by the National Assembly as the next Governor of the Central Bank of Nigeria (CBN). Amangbo’s appointment is however subject to the approval of the CBN.

The bank made the announcement in a in a letter which it sent to the Nigerian Stock Exchange yesterday.

The letter which was signed by the Chairman of the bank, Sir Steve Omojafor, reads, “We write to inform you that following the appointment of Mr Godwin Emefiele, Managing Director and Chief Executive of Zenith Bank Plc as the Central Bank of Nigeria Governor Designate by His Excellency, President Goodluck Ebele Jonathan and his subsequent confirmation by the Senate of the Federal Republic of Nigeria, the Board of Directors has approved the appointment of Mr. Peter Olisamedua Amangbo as the GMD/CEO designate of Zenith Bank Plc, subject to Central Bank of Nigeria approval. The appointment is effective June 1, 2014.”

Amangbo holds an MBA from the Warwick Business School and a B.Eng in Electrical and Electronics Engineering from the University of Benin. He is also an alumnus of INSEAD and a fellow of the Institute of Chartered Accountants of Nigeria. By this appointment, Amangbo becomes the third chief executive officer of the 24-year-old bank.

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