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Richard Chembe quits post as Investrust boss on poor health grounds

Investrust Bank Plc Managing Director Richard Chembe has left his post owing to poor health.

According to a brief statement issued by the Lusaka Stock Exchange, he Board of Directors of Investrust Bank PLC notified the market that Dr. Chembe retired on medical grounds on 22nd July 2016 in line with the provisions of the Employment Act Cap 268 of the Laws of Zambia.

“The Board wishes to further notify the market that Mr. Isaiah Chindumba will continue to act in the role of Managing Director until further notice. The Board would like to thank Dr. Chembe for leading the only indigenous Bank through its restructuring process leading to its current focus of sustaining the growth of its retail brand.

Dr Chembe who also served as State House Economic Adviser during the reign of late President Rupiah Banda has been on medical leave since he ruptured his vein last December.

Source: Lusaka Times

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