Independent Board Committee Members

INDEPENDENT BOARD COMMITTEE MEMBERS

TOM NEWTON (67)
INDEPENDENT NON-EXECUTIVE BOARD COMMITTEE MEMBER
Namibian Citizen

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APPOINTED
22 August 2014

QUALIFICATIONS
BCom
BAcc
CA (SA)
CA (Namibia)

ROLE AT THE COMPANY

  • Member of the audit and risk committee of Trustco Group Holdings Ltd
  • Serves as a board committee member for several entities within the investment portfolio of Trustco Group Holdings Ltd

EXPERTISE AND EXPERIENCE
Since August 2014, Mr Thomas Newton has been a non-executive director on the boards of several of Trustco’s subsidiaries: Monetu Finance (Pty) Ltd, Summit Thirty Insurance Ltd and Stanbury Life Ltd. He also serves as a member of the audit and risk committee of Trustco Group Holdings Ltd since February 2022. From 1987 until his retirement in 2022, Mr. Newton was the managing partner at Grant Thornton Neuhaus. Since then, he has acted as trustee on various investment trusts globally. He also offers consulting services on all aspects of business, acquisition, taxation and general financial advice. He is a member of the Institute of Chartered Accountants in Namibia, Public Accountants and Auditors Board and the South African Institute of Chartered Accountants.

STANLEY SIMILO (62)
INDEPENDENT NON-EXECUTIVE BOARD COMMITTEE MEMBER
Namibian Citizen

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APPOINTED
16 February 2015

QUALIFICATIONS
BCompt
MBA (USA)
BA (USA)

ROLE AT THE COMPANY

  • Member of the social and ethics committee of Trustco Group Holdings Ltd
  • Serves as a board committee member for several entities within the investment portfolio of Trustco Group Holdings Ltd

EXPERTISE AND EXPERIENCE
Mr Stanley Similo served as the director general at the Namibian Broadcasting Corporation (Pty) Ltd from October 2015 till 31 March 2026. Mr Similo has vast experience in the corporate environment and has acquired expertise in both management and operations. Earlier in his career, from 2007 to 2013, he served as the chief human resources officer at PowerCom Ltd and was appointed as CEO of PowerCom Ltd in 2013. He previously also served as head of human resources at FNB Namibia Holdings Ltd from 2004 to 2007. He also serves as a member of the social and ethics committee of Trustco Group Holdings Ltd since October 2024.