By Staff Reporter
THE Development Bank of Namibia (DBN) has announced the resignation of its Chief Executive Officer, Dr John Steytler, effective immediately on Monday.
In a media statement sent to Caprivi Vision , states that Dr. Steytler has decided to pursue new interests and opportunities.
However, DBN Board expressed its appreciation for the commitment and drive with which Dr. Steytler led DBN during his tenure.
Chairperson of the Board , Ms. Evangelina Nailenge, stressed that “Dr. Steytler has served as CEO since September 2023 and has made a marked impact on the Bank. We thank him for his service and dedication and wish him well in his future endeavours.”
The Development Bank of Namibia will continue fulfilling its mandate and serving its clients with the singular aim of contributing to Namibia’s developmental agenda and socioeconomic growth.
The Board will commence with the recruitment process of the substantive CEO immediately. In the interim, Mr. John Mbango, Head of Coverage and Large Transactions, a seasoned executive, will act as CEO of the Development Bank until further notice.
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