The Board of Directors of Zambia National Commercial Bank PLC (“Zanaco”) advises that Mr. Bruce Dick’s tenure of service as Managing Director will come to an end effective 30th November 2016 and he retires from that date.

The Board would like to thank Mr. Dick for his dedicated service to the Bank and in helping shape the new direction that the Bank has embarked upon. The Board wishes him the very best in his future endeavors.

Furthermore, the Board of Directors of Zanaco wishes to announce that Mr. Hendrik Gezienus Mulder has been appointed as the Managing Director of the Bank with effect from 1st November 2016.

Mr Mulder is the former Managing Director for Rabo Development in the Netherlands. With a career spanning over 34 years, Mr Mulder is a Law graduate of the University of Groningen in the Netherlands and has extensive experience in banking. His functional expertise is in strategic management, credit risk, treasury, investment and retail banking. He started his career in 1982 at ABN Amro Bank where he served in various roles in the Netherlands, India, Brazil, Indonesia, Colombia, Romania and Saudi Arabia. He also served at PT Bank Rabobank Indonesia as CEO for five years before joining Rabo Development.

The Board is confident Mr. Mulder will further add immeasurable value to the Bank’s new initiatives.

By Order of the Board
Sandra Wamulume
Acting Company Secretary

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