Change of guard at Standard Bank Namibia
2021-05-03
Staff Reporter
Standard Bank has confirmed that Vetumbuavi Mungunda has stepped down as chief executive, and has left the Standard Bank Group effective 30 April 2021 in accordance with the advance notice published in August 2020.
This has allowed for a smooth transition process that resulted in the selection of Mercia Geises as the incoming chief executive, effective 1 May 2021.
Herbi Maier, chairman of the board, said “Vetumbuavi has been the chief executive for the last seven years, and has provided outstanding leadership, strategic direction and a clear vision for the bank during a very difficult and challenging time which included, among others, a difficult economic environment, the Covid-19 pandemic and the implementation of the bank’s new core banking system.”