Stanbic Botswana appoints new CEO
Stanbic Bank Botswana has appointed Chose Modise, as the new chief executive officer for the bank. The development comes after all the regulatory approvals have been obtained for the appointment. Modise ascends to the helm of Stanbic effective beginning of next year, replacing Samuel Minta, after his three years stint. Modise is a fellow member of the Association of Chartered Certified Accountants ( ACCA) and Botswana Institute of Chartered Accountants ( BICA). According to his summary of career, qualifications, and education, Modise wields extensive experience in the fields of finance, strategy, auditing and risk management, and over 21 years of business and commercial experience in different industries in over 12 countries across Africa.
He also previously served in the role of Chief Financial Officer ( CFO) of Stanbic Bank Botswana, having assumed the role in December 2018.
Modise’s other prior roles include Chief Finance Officer ( CFO) of Botswana Life Insurance Limited; Finance Director for Swaziland Beverages in Swaziland; Internal Audit Manager for Africa and Asia for SABMiller based in Johannesburg; and Head of Finance for Botswana Breweries. Commenting on the appointment, Modise sounded upbeat: “Our purpose and passion towards driving Botswana’s growth as Stanbic Bank has never been stronger. “This is an exciting and indeed promising period, and I look forward to leading the team as we continue to help transform dreams into realities in the spirit of ‘ It Can Be’. Meanwhile, Stanbic board chairperson, Craig Granville has praised the
outgoing Chief Executive . “Sam led the transformation of the business with many novel and innovative initiatives, deepened the diversification of revenue streams, embedded unrelenting focus on client, employee, and community experience.
This is a phenomenal milestone not only as the leadership role of the business is localised once more, but because in Chose, we have a leader of great expertise, passion, courage of conviction and dedication,” he said.