POSB appoints new CEO

THE People’s Own Savings Bank (POSB) board yesterday announced the appointment of Garainashe Changunda as the mass market lender’s substantive chief executive officer (CEO) with effect from tomorrow.

Before his latest appointment, Changunda had served as POSB’s chief financial officer since 2017.

He will succeed 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.

This story is for NewsDay subscribers.