Angola’s stock exchange confirmed Cristina Dias Lourenço, the daughter of the country’s president, as its new chief executive officer.
Dias Lourenço was appointed for a four-year term that ends in 2028, Bodiva, as the Luanda-based stock market is known, said in a statement on Monday. Her predecessor, Walter Pacheco, resigned in January.
The move takes place as the government prepares to sell stakes in the nation’s biggest telecommunications company, Unitel SA, through an initial public offering and two lenders in the coming months. Angola is also planning an IPO of state-owned oil company Sonangol and diamond firm Endiama.
Dias Lourenço has a degree in management from the London School of Economics and Political Sciences and is the longest-serving member of the stock market’s executive board of directors. Bodiva named her interim CEO in February.
Bloomberg
