Equity Group Holdings Plc has announced the appointment of Jonas Mushosho as a Non-Executive Director to its board following the retirement of Christopher Newson. According to a statement from Equity Group, Mr Mushosho brings on board a wealth of leadership experience, having previously served in senior leadership positions in both the private and public sectors and led multi-national portfolios in different lines of business, particularly in financial services.
Mr Mushosho served as the CEO at Old Mutual Zimbabwe Limited between 2012 and 2019, where he doubled as 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 in the continent.
He is currently a Director at Brooks & Oracle, a council member at Zimbabwe Open University and serves as a non-executive director at Delta Corporation.
“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,” Equity Group Chairman Prof Isaac Macharia said. “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.”
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Mr Mushosho joins 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,” he said, “we will be able to further grow our business and continue to provide inclusive financial services in the countries we serve.”
Jonas holds a Bachelor of Accounting Science from University of South Africa, 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 among others. He is a Chartered Accountant and a Fellow of the Institute of Chartered Secretaries and Administrators.