Martin Endjala
The former Chief Executive Officer of the Government Institutions Pension Fund (GIPF), David Nuyoma, has been appointed as the new Capricorn Group Chief Executive Officer, effective Designate from 1 January 2024 and as substantive Group CEO with effect from 1 March 2024, subject to regulatory approval.
The Capricorn Group Chairman Gerhard Fourie, while announcing the news this week, described Nuyoma as an experienced and accomplished executive leader with a successful track record as CEO of the GIPF until recently and before that as CEO of the Development Bank of Namibia, making him the ideal leader for the Group at this stage of the Group’s journey.
“His forward-thinking mindset, excellent stakeholder relations and demonstrated ability to make business-shaping decisions and lead sustainable operations will add value to Capricorn Group and its stakeholders as the Group continues to evolve its strategic direction and execute its chosen strategic choices,” said Fourie.
Fourie said that the Group is privileged to have attracted Nuyoma, as he is one of the most respected business leaders in Namibia, and they are confident that the Group will greatly benefit from his leadership. Thereby wishing him the very best for success in his new role.
Meanwhile, commenting about his appointment, Nuyoma said he is delighted and honoured to be offered the position of Group CEO of the Capricorn Group and he looks forward to optimising value to the publicly listed and hugely successful, locally-owned financial institution.
Additionally, he fully subscribes to Capricorn Group’s brand promise of #Make Change Positive.
Nuyoma replaces Thinus Prinsloo who will be taking up a new role at Capricorn Investment Holdings.
Fourie extended the board and management’s gratitude, appreciating Prinsloo for his valuable contribution to the growth and success during his tenure as Group CEO.
“We wish Thinus the very best for the future as he takes up his new role at Capricorn Investment Holdings, the largest shareholder of Capricorn Group,” said Fourie.
As part of the process for a smooth leadership transition, Prinsloo has agreed to remain in his current position as Group CEO until 29 February 2024, during which time he will hand over responsibilities to Nuyoma and in collaboration with the Group Chairman and the Group Executive Management Team to execute the orientation program and induction process of the newly appointed CEO.
