Gawaxab stepping down as CEO of OMA

WINDHOEK: “Great leaders do great things, and smart leaders know when to make way for others,” the Chief Executive Officer of Old Mutual Africa, Johannes !Gawaxab said on Wednesday as he announced his decision to go on early retirement.

!Gawaxab is retiring in December 2014 after more than 16 years with the Old Mutual Group.

He decided to go on early retirement ahead of the company retirement age.

The process of appointing a successor will start soon.

Once on board, the new Africa Managing Director will continue to be supported by !Gawaxab for the first quarter 2015 to ensure a somooth operational transition and continuity of stakeholder relationships across the continent.

Once on board, the new Africa Managing Director will continue to be supported by !Gawaxab for the first quarter 2015 to ensure a somooth operational transition and continuity of stakeholder relationships across the continent.

!Gawaxab, 57, said during a media briefing here that he had achieved what he set out to do.

He said during his tenure they created value and peace of mind for the customers and shareholders, job security, growth and great careers for the employees and that he has significantly contributed to the economic development of Namibia.

“I was a good ambassador for Namibia in business circles on the continent and the world, and believe I have done Namibia proud. I have grown from a successful business executive to a global business leader and can stand my own anywhere,” he stated proudly.

!Gawaxab began his journey with Old Mutual in 1998 as CEO of Old Mutual Asset Managers Namibia, a greenfield operation he started and built into the number one asset management company in the country.

In 2003, he was promoted to Managing Director of the Old Mutual Group in Namibia, an integral financial services business which is rated today among the top five companies in the country.

In March 2006, he was appointed to lead Old Mutual’s Africa businesses outside South Africa, Zimbabwe, Namibia Kenya and Malawi.

In this role, he helped shape Old Mutual’s strategy and footprint and deepen the Group’s commitment to customer focus and leadership in the financial services sector.

In order for the group to continue to benefit from his vast experience going forward, !Gawaxab will continue his association with Old Mutual and serve, in a non-executive capacity, on several boards in Old Mutual Africa business, including Namibia, Kenya, Nigeria, Zimbabwe, Ghana and the Old Mutual Africa Holdings board, starting April 2015.

SOURCE: NAMPA