Botswana’s Letshego Holdings Limited said its Chris Low, its chief executive officer, has resigned his appointment.
The Gaborone-based company said Chris Low has decided to step down from his role after five years at the helm, to pursue other opportunities.
The JSE-listed company said in a statement that: “Letshego has made significant progress towards developing into a pan-African inclusive finance provider, operating across 11 countries with 6 deposit-taking licenses and in the last financial year recorded over BWP 1 billion in profit before taxes.
On behalf of the Board: “We would like to thank Chris for his leadership of, and contribution to, Letshego. During Chris’s tenure, Letshego has become one of Botswana’s largest multinational providers of simple, appropriate and accessible financial solutions. “Gaborone has been at the heart of the Letshego business for 20 years and we see a bright future for our operations here, and across the continent. A Management Transition Team has been established and will be responsible for the management of Letshego while the Board identifies a successor.”
The Management Transition Team will be led by Colm Patterson, the Group Chief Financial Officer of Letshego. Chris will continue to work with the Company as an advisor during this period, to ensure a smooth transition. Commenting on the announcement, Chris Low said: “I am incredibly proud of the business Letshego is today and the team that has built it. I look forward to watching the Company continue to flourish and to improve the lives of Africans across the continent.”
A thorough search has been initiated to find a permanent Group Managing Director. An announcement will be made in due course.”