| Fri 22 Jan 2010, 15:55 | | ASA /ABSP - ABSA - New Group Executive Committee Appointments |
|
JSE ABSP ASA
ABSP AMAGB
ASA /ABSP - ABSA - New Group Executive Committee Appointments
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)
NEW GROUP EXECUTIVE COMMITTEE APPOINTMENTS
Absa is pleased to announce five new executive appointments all of whom will
become members of the Absa Group Executive Committee chaired by the Group Chief
Executive, Maria Ramos. These appointments are part of an extensive programme
Absa has embarked upon to enhance and strengthen its leadership composition at
the senior leadership level as the Group prepares to maximise opportunities
presented by the country`s recovering economy.
Absa`s new Group Executive Committee:
- Maria Ramos - Group Chief Executive
- Louis von Zeuner - Deputy Group Chief Executive
- Jacques Schindehutte - Group Finance Director
- Dave Hodnett - Group Risk Director#
- Stephen van Coller - Chief Executive, Absa Capital
- Happy Ntshingila - Executive Director, Marketing and Communication#
- Fergus Marupen - Group Executive, Human Resources
- Alfie Naidoo - Group Chief Operating Officer
- Willie Lategan - Chief Executive, Absa Financial Services
- Gavin Opperman - Chief Executive, Retail Banking
- Bobby Malabie - Chief Executive, Absa Business Bank
- Daphne Motsepe - Chief Executive, Unsecured Lending
- Venete Klein - Executive Director, Corporate Affairs and Sustainability#
Fergus Marupen joins Absa as Group Executive, Human Resources, effective 1 April
2010. Marupen will report directly to Ms Ramos. He is currently Vice President
of Human Resources for the Energy and Coal division of BHP Billiton. Prior to
this, he was General Manager of Human Resources for Kumba Iron Ore.
Bobby Malabie joins Absa as Chief Executive, Absa Business Bank (ABB), reporting
to Louis von Zeuner, Absa Group Deputy Group Chief Executive, effective 1 April
2010. Malabie joins Absa from Liberty Life, where he held the position of CEO,
Marketing and Distribution. Prior to that, Malabie held senior roles at Charter
Life, Nedcor and the South African Breweries.
Gavin Opperman has been appointed to the role of Chief Executive, Retail Bank.
Opperman`s most recent role within Absa was that of Group Executive, Secured
Lending, where he was responsible for, among others, Home Loans and Vehicle &
Asset Finance. Opperman has also held senior positions in the Home Loans
Division and was Managing Director of Absa Asia (Hong Kong) prior to its closure
in 2005.
Daphne Motsepe has been appointed Chief Executive, Unsecured Lending. Motsepe
recently returned to South Africa from an assignment to Barclays in the United
Kingdom, where she worked in the commercial and retail banking sectors. Prior
to her UK assignment, she held senior positions in the Retail Bank, including
Head of Small Business, which contributes substantially to the bottom-line. Her
portfolio will now include Small Business, Card, and Personal Finance.
Opperman and Motsepe will both report to Louis von Zeuner.
Venete Klein has been appointed Executive Director, Corporate Affairs and
Sustainability. Venete was previously responsible for the Transactional and
Deposit business of Absa`s Retail Bank. She will now be responsible for, among
others, Group Government Relations, Transformation, Corporate Social Investment
(CSI) and Sustainability.
"We may have taken a while to make these appointments," said Maria Ramos, "but
this was in line with our quest to ensure that we selected the best talent for
the roles, and we are satisfied that we have achieved that goal. Paramount in
this regard was our transformation objectives, among other considerations. I am
excited that we have made great strides with these latest appointments, "she
added. These latest appointments reflect the Group`s desire to grow talent from
within as well as attract the best skills available on the market.
Absa has previously announced the departure of the Group Financial Director,
Jacques Schindehutte at the end of February. The process to identify the new
Group Financial Director is well underway and an announcement will be made in
due course.
# - Please note that these are not Absa Group Board members
Johannesburg
22 January 2010
Enquiries: Investors and analysts
Louis von Zeuner
Deputy Group Chief Executive
(+2711) 350-3498
(+2782) 454-9259
E-mail: louisvz@absa.co.za
Enquiries: Media
Happy Ntshingila
Executive Director:
Absa Group Marketing & Communication
(+2711) 350-6477
E-mail: happynt@absa.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 22/01/2010 15:55:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
