Sérgio Chitará was appointed Chairman of the Board of Directors of FNB Mozambique for a four-year term, succeeding South African John Macaskill.

With extensive professional experience, Sérgio Chitará has spent the last 20 years managing private entities, most notably Vale Moçambique and the USAID - Speed+ project, the bank's statement said.

Sérgio Chitará was Sustainability Manager and Country Manager for Vale Mozambique (a Brazilian mining multinational) and the companies in the Nacala Logistics Corridor, including Malawi, and was responsible for leading the transfer of Vale's assets in Mozambique and Malawi to the new shareholder Vulcan Resources, a subsidiary of the Indian company Jindal.

He has worked as a manager in the public and private sectors, most notably as Executive Director of the CTA, managing processes to improve the Business Environment, and as National Director of Forestry and Wildlife in the Ministry of Agriculture and Rural Development, particularly involved in reforestation and environmental conservation activities.

FNB's new PCA has a degree in Forest Engineering from Eduardo Mondlane University, an MBA from the University of Bradford and a master's degree in forest industry technologies from Bangor University in North Wales, both in the UK.

A professional with extensive experience in business management, Sérgio Chitará will contribute to FNB's great journey of transformation, centered on the promise of evolution, excellence in the services provided, customer experience and digitalization.

Photo: FNB