ZEN petroleum appoints Frank Adu as Board Chair

ZEN Petroleum Limited has appointed seasoned banker and corporate governance expert Frank Adu as its new Board Chair, with effect from January 1, 2026.

The appointment was announced in a press release issued on Monday, January 5, 2026. Mr Adu brings decades of executive and board-level leadership experience, particularly in the financial services sector, where he is widely regarded for his strategic insight and disciplined governance approach.

He served as Managing Director of CAL Bank PLC for 20 years, overseeing a period of sustained growth and institutional strengthening.

Mr Adu currently chairs the National Investment Bank and has previously held board and leadership roles with several organisations, including the Ghana Stock Exchange, University of Ghana Enterprises Limited, Legacy Bonds Limited, and Quality Insurance Company Limited

Managing Director of ZEN Petroleum, William Tewiah, said the appointment reflects the company’s commitment to strong leadership and governance as it enters a new phase of growth.

Mr Adu takes over from Tutu Agyare, who steps down after nine years as Board Chair. During his tenure, ZEN Petroleum recorded significant growth and strengthened its governance framework, safety culture, and community engagement. The Board and Management expressed appreciation for his contribution to the company’s development.

ZEN Petroleum is one of Ghana’s leading indigenous oil marketing companies, operating a network of over 60 filling stations nationwide and maintaining a strong presence in mining supply, retail distribution, and fuel storage infrastructure