adminTinashe Nhari Business Reporter
National Merchant Bank of Zimbabwe Holdings Limited chief executive officer Mr James Mushore will step down from the position with effect from October 31, 2014 due to ill health, the company has announced.
Mr Mushore is a founder member and former deputy managing director of NMB Bank where he was in charge of corporate finance, information technology and internal audit and marketing departments since February 2004.
He has served as the CEO since 2010 when he re-joined NMBZ.
“We are tremendously saddened by the resignation of Mr Mushore as CEO and director of NMBZ Holdings and NMB Bank” said Mr Tendayi Mundawarara, chairman of the board of directors.
He said they were aware of his medical condition and had to respect his decision while acknowledging the important role he played in the simultaneous listing of the company on both the Zimbabwe and London Stock Exchanges.
“His passion for excellence is evident in the NMB level of service. The board and staff of NMBZ Holdings and NMB Bank wish him a speedy recovery and all the best for the future” he added.
Meanwhile, Mr Benefit Washaya, the managing director of the bank, will serve as acting chief executive officer with effect from November 1.
Online Reporter