Sydney Soundy, who is the executive for strategy and communications at the Land Bank has been appointed as acting CEO with immediate effect.
This follows the resignation of Kone Gugushe as acting CEO, with immediate effect, and chief risk officer, effective March 31.
In a statement issued on Wednesday, the Land Bank’s board expressed its appreciation for the contribution made by Gugushe during her employment with the bank and wished her well in her future endeavours.
The process to appoint a permanent CEO was at an advanced stage with an announcement expected in due course, it added.