"Steward Bank CEO Mambondiani Was Not Fired", - ECONET Spokesperson

Sunday Mail Reporter

Econet’s spokesperson Mr. Fungai Mandiveyi dismissed reports suggesting that Dr. Lance Mambondiani, former Steward bank CEO had been fired for alleged misuse of foreign currency. Mandiveyi said:

That is not true. He resigned and we wish him well. There is no case of foreign exchange misuse that we are aware of.

Dr. Mambondiani has resigned after serving the Steward Bank is a subsidiary of Econet Wireless Zimbabwe for four years. He joined the bank four as the acting CEO after replacing Mr. Kwanele Ngwenya.

His departure was confirmed by the bank’s chairperson, Mr. Bernard Chidzero Jnr. Chidzero revealed in a letter addressed to the bank’s staff that Mambondiani’s last day at work was May 31, 2019.

He thanked Dr. Mambondiani for his role in helping to transform the bank through its digital strategy.

ZimLive had reported that Econet owner Dr. Strive Masiyiwa had personally made the call to release the UK-trained banker from his contract.

More: The Sunday Mail