Capricorn appoints Nuyoma as chief executive

THE Capricorn Group board has appointed David Nuyoma as its chief executive designate effective 1 January 2024.

He will serve a three-month probation period until 1 March 2024.
This was announced on Wednesday by the group.

This appointment comes after the group chief executive, Thinus Prinsloo, was appointed to a new position at Capricorn Investment Holdings in August.

Nuyoma is the former chief executive of the Government Institutions Pension Fund (GIPF) and was previously at the Development Bank of Namibia.

“I look forward to optimising value to this publicly listed, hugely successful, truly locally owned financial institution. I fully subscribe to Capricorn Group’s brand promise of Make Change Positive,” said Nuyoma.

Speaking on behalf of the Capricorn group board, Prinsloo said: “We are privileged to have attracted David Nuyoma to our group. He is one of the most respected business leaders in Namibia and we are confident that the group will greatly benefit from his leadership.”

Prinsloo will remain in his current position as group chief until 29 February 2024, during which time he will handover to Nuyoma.

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