Development Bank of Namibia (DBN) chief executive officer (CEO) John Steytler has resigned with immediate effect.
The bank announced this on Tuesday.
“Steytler has decided to pursue new interests and opportunities. We thank him for his service and dedication and wish him well in his future endeavours,” DBN board chairperson Evangelina Nailenge said.
Steytler has served as CEO since September 2023.
According to the statement, the bank has appointed John Mbango, head of coverage and large transactions, as interim CEO.
“The board will commence with the recruitment process of the substantive CEO,” the statement reads.
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