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THE People’s Own Savings Bank (POSB) board has appointed Garainashe Changunda as the substantive chief executive officer of the bank.
Changunda assumed office on the first of February this year.
He succeeds long-serving CEO, Admore Kandlela, who left the bank at the end of October last year after leading the financial institution for about 20 years.
According to the board, the appointment was made with the approval of the Ministry of Finance.
“The People’s Own Savings Bank (POSB) board, with the approval of the Minister of Finance and Economic Development, is pleased to announce that the board has appointed Garainashe Changunda as the substantive chief executive officer of the bank with effect from the 1st of February 2023,” the board said in a statement.
Changunda is a chartered accountant and a member in good standing of the Public Accountants and Auditors Board and the Institute of Chartered Accountants of Zimbabwe.
Prior to his appointment he has served as the bank’s Chief Finance Officer since 2017
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