|ZB appoints new CEO|
|Sunday, 12 May 2013 00:00|
ZB Financial Holdings Limited (ZBFH) has appointed Mr Ronald Mutandagayi as its new group chief executive officer following the retirement of long-serving member Mr Elisha Nyikadzino Mushayakarara.
In a statement, the ZB board said the appointment of Mr Mutangadayi was with effect from June 1 2013.
Mr Mushayakarara’s service ends on the last day of this month.
Mr Mutangadayi, who is currently the managing director of ZB Bank, joined the group, then known as Finhold Group, as head of finance and risk in February 2004 and rose to his current position in September 2009.
He is a Chartered Accountant by profession who did articles with KPMG Chartered Accountants where he rose to the position of audit manager before leaving in December 1991 to join Willowvale Mazda Motor Industries as general manager.
“He (Mr Mutangadayi) joined Standard Chartered Bank Zimbabwe Limited in February 1998 as company secretary and head of banking services, a position he held until April 2001 when he left to join NDH Holdings Limited as chief finance officer from where he joined Finhold in February 2004 as head of finance and risk before being promoted to his current position in September 2009,” said ZB.
A seasoned banker, Mr Mushayakarara has also held senior positions in the Government and was at one time the chief budget analyst of the Ministry of Finance in Zambia.
“He was at the helm of ZBFH when its merger with the Intermarket Holdings Limited Group was successfully undertaken,” reads part of the ZB statement.