Stanbic Bank Zimbabwe has appointed Solomon Nyanhongo as its new chief executive officer (CEO) with effect from January 1,2020.
Nyanhongo takes over from Joshua Tapambgwa, who stepped down from the helm of the bank after serving the financial services provider for 18 years, 13 of which were as CEO.
“We are pleased to announce the appointment of Solomon Nyanhongo as our CEO with effect from January 1,2021. We look forward to being led by his wisdom,” the lender said in in a statement.
Nyanhongo joined Stanbic in 2003 as a senior manager. He was promoted to the position of head of finance in 2009 and in the same year became chief finance officer, a position he held until his appointment to the position of CEO.
He is a chartered accountant. Nyanhongo holds a Master’s in Business Administration degree from Nottingham Trent University, United Kingdom, a Bachelor of Accounting Science (Honours) from the University of South Africa and an honours accounting degree from the University of Zimbabwe.
The bank credits Tapambgwa with steering Stanbic through Zimbabwe’s toughest economic periods.
“The board of directors takes this opportunity to express its sincere thanks and gratitude to Joshua Tapambgwa for his 18 years of dedicated service and for the astute leadership he exhibited throughout his role as CEO of Stanbic,” the bank said in a statement.
“He leaves the bank at the apex of the financial service industry in Zimbabwe, having been instrumental in achieving strong performance during his 13 years as CEO.”