Zenith Bank has announced that its founder and group chairman, Jim Ovia, will be retiring from his position following the conclusion of his tenure.
In a statement to stakeholders, the bank confirmed that Ovia’s retirement marks the end of an era for the institution he founded and led to become one of Nigeria’s leading financial institutions. The board expressed appreciation for his decades of visionary leadership, under which Zenith Bank grew its asset base, expanded across Africa and beyond, and maintained a strong reputation in corporate banking and digital innovation.
The bank noted that a structured transition process is underway, with details on his successor and leadership changes expected to be communicated in line with regulatory requirements. Ovia is anticipated to continue to play an advisory and mentorship role within the financial sector, even as he steps back from active board chairmanship responsibilities.
