Steward Bank CEO DR Lance Mambondiani, who’s been at the company for 4 years and held the role of CEO since 2015, is stepping down.
Media outlets had hinted that the CEO was fired after misuse of foreign currency but in a later turn of events verified sources including Econet Wireless came out revealing that Lance Mambondiani had actually resigned.
In a letter addressed to the bank’s staff Mr Chidzero said the CEO had resigned and that May 31, 2019 was his last day at work.
Mambondiani is credited with turning Steward Bank from a loss making institution, into one of Zimbabwe’s top three banks in under five years. The tech-savvy banker has won the admiration of a lot of people in the country with groundbreaking and unorthodox innovations such as Kwenga, KaShagi and Sosholoza, a Whatsapp banking feature released into the market in March.
Below is a Statement from DR Lance Mambondiani:
Yesterday l tendered my resignation to the Steward Bank board to pursue other interests. Although it’s been more than six glorious years, It feels like yesterday when l started on this incredible gig. I am graciously indebted to the board, the shareholder and the purple team for supporting me through my role. It has been a privilege to serve this great vision.
As overwhelming as it is, l believe time has come to say goodbye, to allow someone else to take the bank into a new growth stage and for me to sink my teeth into another challenge. I will always remember how special l felt serving all Steward bank customers no matter how small their query. I have fond memories of how crazy and inspired the team has always been launching one ground breaking innovation after another and how emotional it has been to see the bank grow through the combined efforts of a highly driven team that has achieved so much in such a little space of time.
My heart and soul goes out to all the stewards across the country who have been loyal to the vision and supported my madness through the years, l owe all of you a debt of gratitude. Nonetheless, I am excited that I will be embarking on an equally challenging role and thankful to God for His Grace.