Dr. John Steytler has resigned as CEO of the Development Bank of Namibia, effective immediately, due to new personal interests. Chairperson Evangelina Nailenge acknowledged his impact and contributions while expressing gratitude. Mr. John Mbango will serve as the interim CEO as the recruitment for a permanent chief commences immediately.
Dr. John Steytler has announced his resignation as Chief Executive of the Development Bank of Namibia, effective immediately. This decision follows his desire to explore new interests and opportunities, concluding his tenure that began in September 2023.
Evangelina Nailenge, the Chairperson of the Board, expressed gratitude for 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 fulfilling its mandate and aiding clients to support Namibia’s developmental initiatives and socioeconomic advancement. The search for a permanent Chief Executive will commence immediately. Meanwhile, Mr. John Mbango, the Head of Coverage and Large Transactions, has been appointed to serve as the interim Chief Executive of the Development Bank until further notice.
In conclusion, Dr. John Steytler has resigned from his position as Chief Executive of the Development Bank of Namibia, with his departure effective immediately. Mr. John Mbango will undertake the role of acting Chief Executive during the transition as the search for a permanent replacement begins. The bank remains committed to its developmental objectives despite this leadership change.
Original Source: economist.com.na
