Dr. John Steytler has resigned as CEO of the Development Bank of Namibia, effective immediately. His resignation is due to his pursuit of new opportunities. Mr. John Mbango will serve as interim CEO while the bank begins the recruitment process for a new executive leader.
Dr. John Steytler has resigned from his position as Chief Executive of the Development Bank of Namibia. His resignation, effective immediately, is attributed to his pursuit of “new interests and opportunities,” marking the end of his tenure that began in September 2023.
Evangelina Nailenge, the Chairperson of the Board, expressed gratitude for Dr. Steytler’s contributions, stating, “Dr. Steytler has served as Chief since 2023 and has made a marked impact on the Bank. We thank him for his service and dedication and wish him well in his future endeavors.”
The Development Bank affirmed its commitment to its clients and the nation’s developmental agenda, emphasizing that the recruitment process for a new Chief Executive will commence immediately. In the interim, Mr. John Mbango, who oversees Coverage and Large Transactions, will serve as the acting Chief Executive until further notice.
In summary, Dr. John Steytler’s immediate resignation as the Chief Executive of the Development Bank of Namibia has commenced the search for his successor. The board recognizes his contributions and wishes him success in future endeavors. Mr. John Mbango will lead the bank temporarily during this transition.
Original Source: economist.com.na
