Equity Group Holdings Plc has announced the appointment of Jonas Mushosho as a non-executive director to its board. This follows the retirement of Christopher Newson.
Mushosho brings to the board a vast leadership experience, having previously served in senior positions in both the private and public sectors. He has led multi-national portfolios in different lines of business, particularly in financial services.
He served as the Chief Executive Officer at Old Mutual Zimbabwe Limited between 2012 and 2019. He doubled as the Managing Director for Old Mutual Rest of Africa, where he was responsible for strategy implementation, stakeholder management, investment performance management, governance and compliance, and functional effectiveness of the Old Mutual Business in 12 countries on the continent.
He is currently a director at Brooks and Oracle, a council member at Zimbabwe Open University and a non-executive director at Delta Corporation.
“We are delighted to bring on board Jonas as a new non-executive director to the group board. He brings a wealth of broad executive leadership experience in leading strategy implementation in a multi-national environment, which will be key as we seek to strengthen our regional subsidiaries.
“At the same time, we are biding Christopher Newson farewell. Although he has served the board for a year, he has used his immense experience as a seasoned banker across the region to provide strategic oversight,” Equity Group chairman, Prof Isaac Macharia, said while welcoming Mushosho.
For his part, Mushosho said: “I am thrilled to be joining the board at a time when the company has reached the Ksh1.12 trillion total assets base and is focused on strengthening its regional business.
“By working together with the highly skilled management and staff at Equity, we will be able to further grow our business and continue to provide inclusive financial services in the countries we serve in furtherance of the group’s vision of championing the socio-economic prosperity of the people of Africa.”
Mushosho holds a Bachelor of Accounting Science from the University of South Africa, a Bachelor’s in Accounting, and an MBA from the University of Zimbabwe.
He also has postgraduate qualifications from the University of Cape Town, Graduate School of Business, London Business School, and Harvard Business School. He is a Chartered Accountant and a Fellow of the Institute of Chartered Secretaries and Administrators.