By Gbenga Adedayo
The Managing Director of Zenith Bank Plc, Mr. Peter Amangbo has proceeded on terminal leave, ahead of final disengagement from the bank. His tenure as MD/CEO will expire May 31, 2019.
A source within the bank who confirmed this information to our correspondent, said the exit of Amangbo is to pave way for a seamless transition for the new and incoming MD/CEO, Mr. Ebenezer Onyeagwu.
Mr. Onyeagwu is officially scheduled to take over as the new MD/CEO on June 1, 2019, but sources said, he has begun nominal discharge of his duties as MD/CEO ahead of June 1, 2019.
It was also gathered that Onyeagwu’s appointment has been communicated to the Nigerian Stock Exchange and approved by the Central Bank of Nigeria (CBN), giving the nod for Onyeagwu to commence duties.
When Media Issues contacted the bank’s Group Head, Corporate Communications, Mr. Marcel Eguabor, for confirmation of the story, he denied it.
Our sources said there is a growing apprehension as Onyeagwu’s appointment has been heralded by some changes at the top, and that he was expected to make some changes at both the middle and senior management cadres upon full assumption of duties as part of strategy for sustained and improved growth.
Prior to his appointment, Onyeagwu has spent about 17 years in Zenith Bank, rising to become the deputy managing director about three years ago in October 2016.