Rukoro to Head FNB

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By Frederick Philander WINDHOEK The First National Bank has appointed advocate Vekuii Rukoro as Chief Executive Officer of its holding company. THE former MD of Sanlam Namibia, Rukoro was yesterday formally introduced to the press as one of two CEOs at FNB by the company’s board chairman. His appointment as FNB Namibia Holdings Limited CEO ends a few weeks of intense speculation in the local press and the public. “I am about to leave a great Namibian company (Sanlam Namibia) where I spent the last six years. I am leaving that company in an extremely great shape with its future sustained profitability and financial soundness fully secured. I am about to join another great company (First National Bank) with immense challenges and huge potential for becoming an even greater Namibian company,” Rukoro said in a brief statement to the press. In a statement, Sanlam Namibia also yesterday announced Ruroko’s resignation, effective from today and wished him well. “I wish to extend my and the support of all FNB staff members to advocate Rukoro as the new CEO of FNB Namibia Holdings Limited. He is an eminent and respected business leader in our country. His commitment to Namibia and her people will further enhance the group’s vision,” said board chairman Dieter Voigt in welcoming the new CEO. Rukoro, a former Attorney General and Deputy Minister of Justice in the Namibian government, holds an LLM degree from Washington College of Law. Leonard Jack Haynes, current Head of Strategic Credit in the Transactional Banking Division of FNB in Johannesburg, has been appointed CEO First National Bank of Namibia Limited (the bank) for a period of two years. “There are very few bank specialists around. Haynes is one of the few, someone First National Bank of Namibia needs,” said Voigt in announcing the bank’s second CEO. Haynes holds a B.Com. Honours Degree and an MBA from the University of Stellenbosch.

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