Dr. John Steytler has resigned as CEO of the Development Bank of Namibia, effective immediately, to pursue new opportunities. Evangelina Nailenge, the Board Chairperson, praised his impact during his brief tenure. Mr. John Mbango has been appointed interim CEO while the search for a permanent replacement begins.
Dr. John Steytler has resigned from his position as Chief Executive of the Development Bank of Namibia, effective immediately. The bank announced this change, indicating that Steytler’s resignation is due to his pursuit of “new interests and opportunities.” His tenure at the bank commenced in September 2023.
Evangelina Nailenge, Chairperson of the Board, acknowledged Steytler’s contributions, stating that he has made a significant impact during his leadership. “We thank him for his service and dedication and wish him well in his future endeavors,” she remarked in an official statement.
The Development Bank of Namibia emphasized its commitment to fulfilling its mandate and serving clients, stating that it aims to contribute to the country’s developmental agenda and socioeconomic growth. Additionally, the recruitment process for a new Chief Executive will begin immediately.
In the interim, Mr. John Mbango, who serves as the Head of Coverage and Large Transactions, has been appointed to assume the role of Chief Executive until further notice, ensuring continuity in leadership during this transition period.
In summary, Dr. John Steytler has stepped down from his role as the CEO of the Development Bank of Namibia, with Mr. John Mbango temporarily taking over. The Board has expressed gratitude for Steytler’s contributions and is actively pursuing a new Chief Executive to maintain the bank’s commitment to Namibia’s developmental goals.
Original Source: economist.com.na
