Founder Koos Brandt retires

The Capricorn Group announced the retirement of Koos Brandt as chairman of the boards of Bank Windhoek and Capricorn Group on 30 June 2017. “Capricorn Group is fortunate that it will continue to benefit from Brandt's wise counsel as he has agreed to remain on these boards as non-executive director. He will also continue to be the chairman of Capricorn Investment Holdings (CIH). CIH holds 40.7% of the shares in Capricorn Group”, said Thinus Prinsloo, the group's managing director. Johan Swanepoel, the current vice-chairman of Bank Windhoek and Capricorn Group will, in terms of the board succession plan, become the chairman of these boards with effect from 1 July. Swanepoel is a chartered accountant and was managing partner of Coopers & Lybrand (now PricewaterhouseCoopers), before being appointed as MD of Bank Windhoek in July 1999. He retires as group managing director of the CIH group on 30 June, a position he has held since 2005. He has a wealth of experience in the financial services sector and is a seasoned director. He will remain a non-executive director of CIH but will relinquish a number of other group board positions including those on the Bank Gaborone and Cavmont Bank boards.“On behalf of the boards, management and staff of the group, we would like to thank Koos Brandt for his vision, leadership and exemplary service as chairman of Bank Windhoek since 1990 and also of Capricorn Group, since its incorporation as Bank Windhoek Holdings in 1996. It is well-known that Brandt was a founding member of Bank Windhoek in 1982, being one of the entrepreneurs who acted on their vision to establish a Namibian-owned bank in a pre-independent Namibia. He is a well-respected business leader with a passion for Namibia, a strong entrepreneurial spirit, a determination to succeed against all odds and an uncompromising stance on ethical behaviour. A true philanthropist at heart, he lives by the principle 'let them know you by your deeds'. These values and humble attitude makes him stand out as a leader and guided the way that the Capricorn Group has conducted its business and engaged with its stakeholders since its establishment. Our congratulations are extended to Johan Swanepoel on his appointment as chairman of Bank Windhoek and Capricorn Group. The boards of directors are confident that the group will continue to prosper under his very able leadership, ” said Thinus Prinsloo.STAFF REPORTER

Founder Koos Brandt retires

Comments

Namibian Sun 2025-06-27

Please login to leave a comment

Founder Koos Brandt retires

Comments

Namibian Sun 2025-06-27

Please login to leave a comment

Login