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Breaking:Old Mutual Zim appoints new CEO

Zimbabwe Stock Exchange heavyweight Old Mutual Zimbabwe has appointed Sam Matsekete as the group CEO-designate as the group embarks on its restructuring exercise against the backdrop of a floundering economy.

The group announced on Thursday that Matsekete, who is currently First Capital Bank (formerly Barclays Bank Zimbabwe) managing director will succeed Jonas Mushosho with effect from January 2020.

Mushosho, who replaced Luke Ngwerume in September, 2012, had been with Old Mutual for 28 years.

Old Mutual’s Rest of Africa managing director Clement Chinaka said he is confident Sam would bring the requisite leadership experience and career credentials to lead the business during this challenging time.

Sam is a chartered accountant and associate of the Institute of Bankers, Zimbabwe.

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