ZEN Petroleum Ltd has announced the appointment of Mr. Frank Adu as its new Board Chairman, effective January 1, 2026.
The appointment was made public in a press release issued in Accra on Monday, January 5, 2026. Mr. Adu brings decades of executive and board-level leadership experience, particularly in the financial services sector.
He previously served as Managing Director of CAL Bank PLC for 20 years, overseeing major transformations and sustained growth.
Mr. Adu currently serves as Chairman of the National Investment Bank and has held several board and leadership roles, including at Legacy Bonds Limited, Quality Insurance Company Limited, University of Ghana Enterprises Limited, the Ghana Stock Exchange, and the FOCOS Foundation.
He succeeds Mr. Tutu Agyare, who steps down after nine years as Board Chairman. Under Mr. Agyare’s leadership, ZEN Petroleum recorded significant growth and strengthened its governance and community impact initiatives.
Commenting on the appointment, Managing Director of ZEN Petroleum, Mr. William Tewiah, said Mr. Adu’s experience and governance expertise align with the company’s values and long-term vision, positioning it for its next phase of growth.
ZEN Petroleum is a leading indigenous oil marketing company in Ghana, ranked as the fourth largest by sales volume, with over 60 filling stations nationwide and a strong presence in mining supply and fuel infrastructure development.
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