Old Mutual has confirmed the appointment of Samuel (Sam) Matsekete as the Group CEO-designate of Old Mutual Zimbabwe Limited (OMZIL).
Sam will commence service on 1 January 2020 following the retirement of the current Group CEO, Jonas Mushosho at the end of 2019. He joins Old Mutual from First Capital Bank, where, in his current role as the Managing Director, he led the successful transition of the bank from being part of the Barclays Group. Before this role, Sam held the position of Chief Finance Officer and also headed up the risk and governance functions that included Credit, Risk, Legal and Compliance.
Sam’s appointment follows a rigorous internal and external recruitment process. Old Mutual’s Rest of Africa Managing Director, Clement Chinaka, states he is confident that Sam brings the requisite leadership experience and career credentials to lead the business at a particularly challenging time.
He adds that Sam is no stranger to Old Mutual: “Sam was part of the team that set up Old Mutual Asset Managers, now OMIG, in Zimbabwe soon after demutualisation 20 years ago, so I am very pleased to be welcoming him back into the Old Mutual family.”
Sam is a qualified Chartered Accountant and an Associate of the Institute of Bankers, Zimbabwe. He completed an Executive Leadership Development Program run for Barclays PLC by Duke University in London and holds a Master of Business Leadership degree from the University of South Africa. He is married to Haru and they are blessed with four children.
“I would like to reiterate our congratulations to Jonas on his retirement and thank him for his sterling contribution to Old Mutual over the years. We are fortunate that Jonas will remain in place as the CEO in Zimbabwe until the end of 2019 and will play an integral role in Sam’s onboarding upon his joining,” says Chinaka.
“This new appointment does come at a challenging time in Zimbabwe. However, it is thanks to the strength of our leadership that we have weathered the storm and will continue to seize opportunities for growth. Sam can now build on the strong foundation we have in Zimbabwe to take the business forward,” concludes Chinaka