Bank Windhoek Managing Director Baronice Hans will step down from her role at the end of June 2025, marking the conclusion of her tenure with the bank.
Johan Swanepoel, Board Chairperson of Bank Windhoek, said the bank had now initiated the recruitment process for a successor, with the process expected to be completed by the 1st of February 2025.
“As we approach the conclusion of her tenure, the Board of Directors recognized the need to proactively commence a transparent recruitment process to allow enough time for a comprehensive talent search for a suitable successor who will continue to build on the strong foundation Baronice has established. To ensure a seamless transition of leadership, it is the intention of the Board to appoint a suitably qualified successor as Managing Director: Designate by 1 February 2025, in order to fill the position substantively from 1 July 2025,” he said.
Capricorn Group Chairperson, Gerhard Fourie, commended Hans for her achievements during her tenure, including launching Southern Africa’s first Green bond and a Sustainability bond, spearheading the delivery of a number of customer solutions, including Easy Wallet, the E-Commerce platform, and integrated point-of-sale transacting.
“The Board of Directors would like to take this opportunity to acknowledge and thank Baronice for her exemplary leadership, building a strong Executive Management Team with whose support she continues to run a highly successful bank and reinforce a much-loved brand. She led the Bank’s digital transformation, which has culminated in nationwide branch revamps and the introduction of self-service features to meet evolving customer needs,” he said.
Hans has also been credited with growing the bank’s loans and advances by 45% in total over the past eight years, with total funding expanded by 60% over the period. Profit after tax (PAT) increased by 63%, while the Bank achieved a commendable 8.5% compound annual growth rate (CAGR) in profit after tax, excluding the COVID period.
