NMB.zw | Appointment of Board Chairman

By Published On: March 23rd, 2015Categories: Corporate announcement


Mr. Benedict Chikwanha has been appointed Chairperson of the Boards of NMB Bank Limited and NMBZ Holdings Limited with effect from 19 March 2015.

Mr. Chikwanha was appointed as a non-executive director of NMB Bank Limited and NMBZ Holdings Limited on 31 January 2014. Mr. Chikwanha is an experienced banker, with over forty years working experience in the banking sector in various areas including Risk Management, Retail Banking, Corporate Banking and Corporate Finance. Previously, Mr. Chikwanha held various management roles in the banking sector including being a Director Risk Management and Managing Director. Currently Mr. Chikwanha is an Executive Director of the Leonard Cheshire Disability Zimbabwe Trust.

He succeeds Mr. Tendayi Mundawarara who stepped down from the boards of NMB Bank Limited and NMBZ Holdings Limited with effect from 18 March 2015.

Mr Mundawarara retires from the NMB Bank Limited and NMBZ Holdings Limited boards having served the group for seven years. He joined the NMB Bank Limited and NMBZ Holdings Limited boards as a non-executive director on 11 February 2008 and was subsequently appointed as Chairman of both boards on 17 August 2010.

During his tenure as Chairman, Mr. Mundawarara oversaw the recapitalisation of the group through a private placement to three strategic institutional investors. The bank also acquired various lines of credit during his tenure as Chairman.

The board takes this opportunity to express its gratitude to Mr. Mundawarara for his dedication and successful leadership of the Group and wishes him well in his future endeavours.

BY ORDER OF THE BOARD
V Mutandwa

NMBZ Holdings Limited (NMB.zw)

Share price: 1,700.00 ZWL cents (0.00 | 0.00% – 11/08/22)

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