He will step into Mr. Emefiele’s shoes as GMD/CEO designate
The Board of Directors of Zenith Bank Plc has announced the immediate appointment of Peter Amangbo as the Managing Director/CEO-designate of the bank with effect from June 1.
Mr. Amangbo’s appointment followed last week’s confirmation by the National Assembly of Godwin Emefiele as the next governor of the Central Bank. Mr. Emefiele is the current Managing Director/CEO of Zenith and will resume at the Central Bank when Lamido Sanusi’s tenure ends in June.
Zenith Bank said Mr. Amangbo’s appointment was consistent with its tradition and succession strategy of grooming leaders from within its fold to take charge of its management, subject to confirmation by the CBN.
Mr. Amangbo has garnered over two decades of banking experience spanning various departments of the Bank – from Corporate Finance and Investment Banking, Business Development, Credit and Marketing, Treasury, Financial Control and Strategic Planning and Operations.
Before his appointment to the board of the Zenith Bank and its subsidiary companies in 2005, Mr. Amangbo was a pioneer non-Executive Director of Zenith Bank UK.
Prior to joining the banking industry, he was a senior consultant with PriceWaterhouseCooper where he covered assignments in financial services, manufacturing, and general commerce.
He was part of the team that drove the Strategic Planning and Successful execution for repositioning the Zenith Bank.
He has served as Executive Director of Zenith Bank for the last nine years, with responsibility to supervise corporate and commercial banking, corporate finance, trade services and all subsidiaries of the bank.
He is a member of the Board of Directors of Zenith Bank PLC Nigeria, Zenith Insurance Ltd, Nigeria, Zenith Pensions Ltd, Nigeria, Zenith Capital Ltd, Nigeria and Zenith Bank, UK. He was a member of the board of Interswitch Nigeria Ltd from 2005 to 2007.
An alumnus of INSEAD and a fellow of the Institute of Chartered Accountants of Nigeria, Mr. Amangbo holds an MBA from the Warwick Business School and a Bachelor of Engineering degree in Electrical and Electronics Engineering from the University of Benin.
He took courses on Strategic IQ Programme, Strategic Thinking and Management for Competitive Advantage, and Execution in Action – The Art of Turning Strategy into Action at the Harvard Business School, Wharton School of Business and HSM – New York respectively.
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