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Executive changes at CBZ calm investors

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CBZ Holdings (CBZHL) shares remained steady in a midweek session following the announcement of Lawrence Nyazema’s appointment as the new group chief executive officer.

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Shares of CBZHL were steady at ZiG363,2500. Nyazema’s appointment, effective from April 19, 2024, comes after his tenure as the company’s acting group chief executive officer since December 1, 2023. This development coincides with the financial services giant’s bid for additional shares in First Mutual Holdings Limited (FMHL). Last year, CBZHL secured a 36,35 percent stake in FMHL.

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