BREAKING: Jim Ovia retires as Zenith Bank chairman

Zenith Bank has announced the retirement of its founder and group chairman, Jim Ovia, following the expiration of his tenure.

In a statement made available to PUNCH Online on Tuesday, the bank said Ovia stepped down after completing the mandatory 12 years as a non-executive director and chairman, in compliance with the corporate governance guidelines issued by the Central Bank of Nigeria.

Ovia became the bank’s chairman on July 16, 2014. He returned to the position after previously serving as the bank’s founder and Group Managing Director/CEO from 1990 to 2010.

Details later…

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