Dr. John Steytler has resigned as CEO of the Development Bank of Namibia, effective immediately, to pursue new opportunities. Evangelina Nailenge thanked him for his service, and Mr. John Mbango will serve as interim CEO while a search for a new leader begins.
Dr. John Steytler has resigned from his position as Chief Executive of the Development Bank of Namibia, effective immediately. This decision, communicated through a formal statement, is due to his desire to explore “new interests and opportunities.” Steytler’s tenure commenced in September 2023 and has been characterized by notable contributions to the bank’s objectives.
In a statement provided by Evangelina Nailenge, the Chairperson of the Board, appreciation was expressed for Dr. Steytler’s service. She remarked, “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 of Namibia assured that its operations would persist in meeting its mandate. The institution aims to enhance Namibia’s developmental agenda and socioeconomic growth. The process of recruiting a new Chief Executive will commence immediately, ensuring continuity in leadership.
In the meantime, Mr. John Mbango, who currently serves as Head of Coverage and Large Transactions, will take on the role of Chief Executive on an interim basis. His extensive experience as a seasoned executive is expected to guide the bank through this transitional period effectively.
The resignation of Dr. John Steytler marks a pivotal moment for the Development Bank of Namibia, with his leadership noted for significant impact. As the bank seeks a new Chief Executive, Mr. John Mbango will temporarily step into the role. The organization remains committed to its mission of fostering economic development in Namibia, ensuring minimal disruption during this leadership change.
Original Source: economist.com.na
