Letshego Holdings has announced that Enos Banda has tendered his resignation as an independent non-executive director and Group Board Chairman of the Company with effect from the 22nd June 2022. The Board further announced that it has also received resignations from Group Board Directors, Dr Gloria Somolekae and Hannington Karuhunga, both independent non-executive directors.
Banda has been Group Board Chairman for the past 5 five years. The group says he has overseen the installation of sound governance and policies in the Company, the establishment of accountable committees to ensure the implementation of the policies in a fair manner, the digitalisation of Letshego and more importantly, the evolution of its management to reflect the diversity of Letshego’s pan-African footprint.
Dr Somolekae has been a Director since 2016 and chaired the Group Remuneration Committee of the Board whilst Karuhunga has been a Director since 2013 and chaired the Group Strategy & Investment Committee. “The Board wishes to thank Mr Banda, Dr Somolekae and Mr Karuhunga for their service to the Company and wish them every success in their future endeavours,” the company wrote adding that it will be meeting today to decide on the appointment of a Chairperson who will also chair the AGM of the Company that is scheduled for tomorrow, 23rd June 2022.
The resignation of the three board members comes after Allan Gray, a shareholders of the group, proposed their removal at tomorrow’s AGM.
