High praise for outgoing POSB boss

OUTGOING People’s Own Savings Bank (POSB) chief executive Admore Kandlela, wound up his long career with the mass market lender in fine form last week, with shareholders and colleagues crediting him for stabilising and growing the banking institution during his tenure.

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Kandlela joined POSB in October 2003 as chief executive officer with a brief to be the captain of a POSB ship that had been weaned off from the PTC. He was tasked by the board to deliver the overall strategic direction of the bank in Zimbabwe and the sub-region and to drive the vision of the shareholder while positioning the bank for a principal and influential role in the financial services

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