| Mon 23 Feb 2009, 10:10 | | ASA/ ABSP - ABSA - Retirement of Peter Mageza from the Boards of Absa Group and |
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JSE ASA ABSP
ABSP AMAGB
ASA/ ABSP - ABSA - Retirement of Peter Mageza from the Boards of Absa Group and
Absa Bank
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa Group or Absa or the Group)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
RETIREMENT OF PETER MAGEZA FROM THE BOARDS OF ABSA GROUP AND ABSA BANK
Shareholders are advised that Peter Mageza, Group Chief Operating Officer of the
Absa Group will be retiring from the Group with effect from 30 June 2009 in
order to pursue personal business interests.
Peter, who has served on the Group Executive Committee and Absa Group and Absa
Bank boards since 2007, will continue, subject to regulatory approval, to play a
role at Absa as a non-executive director on the boards of certain of Absa`s
African subsidiaries as well as on the Board of Trustees of the Absa Foundation.
Steve Booysen, Group Chief Executive, said: "Peter has served a distinguished
career with the Absa Group spanning nine years. I am confident that Absa will
continue to benefit from his experience, expertise and wise counsel and that he
will make us proud with whatever he does in the months and years to come."
Gill Marcus, Chairperson of the Absa Group, said: "I am sorry to see Peter
retire, but understand his wish to pursue business and other personal interests.
We look forward to our continued interaction as Peter takes up other roles
within the Group, and have no doubt that Absa will continue to benefit from his
valued contribution. We wish him well in his new endeavours."
The process to find a replacement for Peter is at an advanced stage and an
announcement will be made in due course.
Johannesburg
23 February 2009
Enquiries:
Steve Booysen
Group Chief Executive
(+2711) 350-6856
E-mail: stevebo@absa.co.za
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Date: 23/02/2009 10:10:01 Produced by the JSE SENS Department.
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