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ZICB Announces New Chairman

In conformity with its corporate governance ethos, Zambia Industrial Commercial Bank (ZICB) Limited has announced the election of Mr. Danny Luswili as the Bank’s Board Chairman. This follows the retirement of the Board’s previous Chairman, Mr. Musonda Cheta, in compliance with the 2016 Bank of Zambia Corporate Governance Directives.

Mr. Danny Luswili was elected to be the Chairman of the Board of Directors of the Bank at an elective Board Meeting on 21st March 2024. He has been a non-executive Director on the ZICB Board of Directors since February 2022, and, until recently, was Chairman of the Risk Committee of the Bank.

Mr Luswili has over thirty years of experience in banking and also worked for various companies in the agriculture, research and manufacturing sectors of the economy at senior positions. He is an expert in corporate governance, risk management and business restructuring and has successfully turned around organisations to better performance. He holds a Bachelor’s Degree in Accounting and Finance (B.Acc), and a Master of Science in Strategic Business Management (M.Sc), Fellow of the Chartered Institute of Management Accountants (FCMA), Fellow of the Zambia Institute of Chartered Accountants(FZICA), Fellow of the Zambia Institute of Directors (FIoDZ) , member of the Chartered Institute of Public Finance Accountants (CIPFA), Chartered Global Management Accountant (CGMA) and is a member of the Association of Compliance Professionals in Africa (ACCPA).

He is also a Council member on the board of the Chartered Institute of Management Accountants (CIMA) in London, UK and sits on the Board Audit & Risk Committee of a medical organisation and another in the Insurance industry.

Speaking after his election as ZICB Board Chairman, Mr Luswili thanked his fellow Directors for entrusting him with the responsibility to lead the ZICB Board. He indicated that he will be relying on their support in guiding the Bank to deliver shareholder value and achieve its mandate. He further paid tribute to previous board members for their exemplary leadership during their tenure of office.

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