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Absa CEO Arrie Rautenbach retires; Charles Russon now interim CEO

Investmenttimes
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Following engagements between the Board and the Group Chief Executive, Arrie Rautenbach, the parties have agreed that Arrie will take early retirement from the Group, effective from 15 April 2025. This was communicated to the market this morning via a SENS announcement, as required in terms of the JSE Listings Requirements and the Companies Act. Arrie will cease to be the Group Chief Executive Officer and an Executive Director of the Absa Group and Absa Bank with effect from 15 October 2024, followed by a 6-month contractual notice period which will be served as garden leave. The Board, on behalf...
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