NICO Holdings Management

Management criteria checks 2/4

NICO Holdings' CEO is Vizenge Kumwenda, appointed in Jan 2016, has a tenure of 8.17 years. directly owns 4.82% of the company’s shares, worth MWK10.04B. The average tenure of the management team and the board of directors is 4 years and 8 years respectively.

Key information

Vizenge Kumwenda

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure8.2yrs
CEO ownership4.8%
Management average tenure4yrs
Board average tenure8yrs

Recent management updates

Recent updates


CEO

Vizenge Kumwenda (61 yo)

8.2yrs

Tenure

Mr. Vizenge Matumika Kumwenda, FCCA, ACII, M.Sc (Fin), B.Com (Acc), Dip Bus., CPA, has been the Group Managing Director of NICO Holdings Limited since January 01, 2016 and served as its Deputy Managing Di...


Leadership Team

NamePositionTenureCompensationOwnership
Vizenge Kumwenda
Group MD & Director8.2yrsno data4.82%
MWK 10.0b
Louis Sibande
Group Chief Finance Officer4yrsno datano data
Chifundo Chiundira
Group Chief Operations Executive4yrsno datano data
Emily Makuta
Group General Counsel & Head of Compliance2.5yrsno datano data
Lorraine Phiri
Group Head of Marketing & Customer Experience5.1yrsno datano data
Dickens Chaula
Group Head of Human Resources2yrsno datano data
David Moyo
Chief Investment Officer of NICO Capital4.3yrsno datano data
Thokozani Phokoso
Group Head of Risk4yrsno datano data
Thokozile Kuwali
Group Head of Internal Audit1.2yrsno datano data
Gerald Chima
Chief Executive Officer of NICO Pensionless than a yearno datano data
Kwanele Ngwenya
Chief Executive Officer of NBS Bank PLC6.9yrsno datano data
Donbell Mandala
Chief Executive of NICO General Insurance Company Limited6.9yrsno datano data

4.0yrs

Average Tenure

50yo

Average Age

Experienced Management: NICO's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vizenge Kumwenda
Group MD & Director10.8yrsno data4.82%
MWK 10.0b
Robert Scharar
Non-Executive Directorno datano datano data
Gaffar Hassam
Chairman8yrsno datano data
Harold Andrew Bijoux
Non-Executive Directorno datano datano data
Sangwani Hara
Non-Executive Director13.8yrsno data0.79%
MWK 1.6b
Catherine Lesetedi-Letegele
Non-Executive Director8yrsno datano data
Ellias Banda
Independent & Non-Executive Director2.3yrsno datano data
Robert Mdeza
Independent & Non-Executive Directorno datano datano data
Candida Nankhumwa
Independent & Non-Executive Director4yrsno datano data
Natasha Nsamala
Independent & Non-Executive Director4yrsno data0.63%
MWK 1.3b

8.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: NICO's board of directors are considered experienced (8 years average tenure).


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