Zenith Bank Management

Management criteria checks 2/4

Zenith Bank's CEO is Ebenezer Onyeagwu, appointed in Jun 2019, has a tenure of 4.83 years. directly owns 0.29% of the company’s shares, worth NGN3.61B. The average tenure of the management team and the board of directors is 4.7 years and 3.8 years respectively.

Key information

Ebenezer Onyeagwu

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	4.8yrs
CEO ownership	0.3%
Management average tenure	4.7yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO

Ebenezer Onyeagwu (61 yo)

4.8yrs

Tenure

Dr. Ebenezer N. Onyeagwu has been an Executive Director of Zenith Bank Plc since April 24, 2013 and has been its Group Managing Director and Chief Executive Officer since June 1, 2019. Dr. Onyeagwu served...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Ovia	Founder & Chairman of the Board	10yrs	no data	12.1% NGN 152.0b
Ebenezer Onyeagwu	Group MD	4.8yrs	no data	0.29% NGN 3.6b
Mukhtar Adam	Chief Financial Officer	5.9yrs	no data	no data
Michael Anyimah	Head of Investor Relations	no data	no data	no data
Michael Otu	Company Secretary & General Counsel	22.2yrs	no data	no data
Adaora Umeoji	Deputy MD & Director	1.3yrs	no data	0.29% NGN 3.7b
Nwapa Stella	Executive Director	2yrs	no data	0.048% NGN 600.3m
Felix Egbon	Chief Risk Officer	no data	no data	no data
Henry Oroh	Executive Director	4.7yrs	no data	0.047% NGN 592.5m
Anthony Ogunranti	Executive Director	2yrs	no data	0.022% NGN 275.4m

4.7yrs

Average Tenure

Experienced Management: ZENITHBANK's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Ovia	Founder & Chairman of the Board	10yrs	no data	12.1% NGN 152.0b
Ebenezer Onyeagwu	Group MD	11yrs	no data	0.29% NGN 3.6b
Adaora Umeoji	Deputy MD & Director	1.3yrs	no data	0.29% NGN 3.7b
Nwapa Stella	Executive Director	2yrs	no data	0.048% NGN 600.3m
Henry Oroh	Executive Director	4.7yrs	no data	0.047% NGN 592.5m
Anthony Ogunranti	Executive Director	2yrs	no data	0.022% NGN 275.4m
Mustafa Bello	Independent Non Executive Director	6.3yrs	no data	no data
Gabriel Ita Ukpeh	Independent Non-Executive Director	8.2yrs	no data	0.00010% NGN 1.3m
Al-Mujtaba Abubakar	Independent Non-Executive Director	4.7yrs	no data	no data
Omobola Ibidapo-Obe Ogunfowora	Independent Non-Executive Director	2.8yrs	no data	no data
Chuks Okoh	Non-Executive Director	2yrs	no data	0.00033% NGN 4.1m
Peter Bamkole	Independent Non-Executive Board Member	2yrs	no data	no data

3.8yrs

Average Tenure

69yo

Average Age

Experienced Board: ZENITHBANK's board of directors are considered experienced (3.8 years average tenure).

Zenith Bank Management

Management criteria checks 2/4

Key information

Recent management updates

Zenith Bank plc Appoints of Dr. Juliet Ehimuan as A Non-Executive Director

Zenith Bank Plc Announces Retirement of Dennis Olisa and Umar Shuaib Ahmed as Executive Directors

Recent updates

Final dividend increased to ₦3.50

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 17%

Now 27% overvalued

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 21%

Zenith Bank Plc to Report Q4, 2023 Results on Jan 31, 2024

Price target increased by 17% to ₦46.40

Third quarter 2023 earnings released: EPS: ₦3.29 (vs ₦2.00 in 3Q 2022)

Consensus revenue estimates increase by 26%

Upcoming dividend of ₦0.50 per share at 10% yield

Second quarter 2023 earnings released: EPS: ₦7.19 (vs ₦1.70 in 2Q 2022)

Zenith Bank plc Appoints of Dr. Juliet Ehimuan as A Non-Executive Director

Price target increased by 16% to ₦35.39

Investor sentiment improves as stock rises 21%

Price target decreased by 9.6% to ₦29.26

Consensus revenue estimates increase by 10%, EPS downgraded

Upcoming dividend of ₦2.90 per share at 13% yield

Consensus revenue estimates increase by 29%, EPS downgraded

Full year 2022 earnings: Revenues exceed analyst expectations

Zenith Bank Plc Announces Retirement of Dennis Olisa and Umar Shuaib Ahmed as Executive Directors

Third quarter 2022 earnings released: EPS: ₦2.00 (vs ₦1.73 in 3Q 2021)

Now 21% undervalued after recent price drop

Upcoming dividend of ₦0.30 per share

Second quarter 2022 earnings released: EPS: ₦1.70 (vs ₦1.69 in 2Q 2021)

Now 21% undervalued after recent price drop

Investor sentiment improved over the past week

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment deteriorated over the past week

Upcoming dividend of ₦2.80 per share

Consensus revenue estimates increase by 17%

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Third quarter 2021 earnings released: EPS ₦1.73 (vs ₦1.77 in 3Q 2020)

Second quarter 2021 earnings released: EPS ₦1.69 (vs ₦1.70 in 2Q 2020)

First quarter 2021 earnings released: EPS ₦1.69 (vs ₦1.61 in 1Q 2020)

Investor sentiment deteriorated over the past week

New 90-day low: ₦21.85

Analysts increase revenue estimates to ₦626.9b

Full year 2020 earnings released: EPS ₦7.34 (vs ₦6.65 in FY 2019)

Revenue and earnings beat expectations

Market bids up stock over the past week

New 90-day high: ₦22.15

Price target raised to ₦28.33

New 90-day high: ₦21.50

New 90-day high: ₦17.55

First half earnings released

New 90-day high - ₦17.20

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age