| Mon 6 Sep 2010, 17:05 | | ASA/ABSP - ABSA Group Limited/ABSA Bank Limited - Changes to the Absa Group and |
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JSE ABSP ASA
ABSP AMAGB
ASA/ABSP - ABSA Group Limited/ABSA Bank Limited - Changes to the Absa Group and
Absa Bank boards
ABSA GROUP LIMITED
Authorised financial services and registered credit provider (NCRCP7)
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa Group)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
Changes to the Absa Group and Absa Bank boards
Garth Griffin has been appointed by the Absa Group and Absa Bank boards to
succeed Dave Brink as Non-Executive Chairman of Absa Group and Absa Bank. Mr
Griffin`s appointments will be effective from 1 October 2010. Mr Brink will step
down from all of his board, board committee and other positions in Absa Group
and Absa Bank on 30 September 2010.
"I`m delighted to be handing over to Garth, who has served on the Absa Group and
Absa Bank boards since 2001 and has chaired various board committees. He brings
to the position years of experience in the financial sector, having previously
served as CEO of the Sage Group and Group Managing Director of Old Mutual. We
looked far and wide for the right candidate and Garth proved to be the most
suitable of those shortlisted," commented Mr Brink.
Maria Ramos, Absa Group Chief Executive, said: "I am very pleased that Absa was
able to make this appointment, given the good working relationship with Garth.
Garth`s understanding of the Group augurs well for Absa."
Mr Griffin`s appointment is supported by Barclays PLC, Absa`s parent company.
"We are delighted to have someone of Garth Griffin`s experience and calibre as
Chairman of Absa and we are confident he will play an important role in the
continued success of the business," said John Varley, Group Chief Executive,
Barclays PLC.
On behalf of the board
David Hodnett
Group Finance Director
Johannesburg
6 September 2010
Enquiries
Alan Hartdegen
Head: Investor Relations
Absa Group Limited
3rd Floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: +2711 350 2598, Fax: +2711 350 5924
E-mail: Alan.Hartdegen@absa.co.za
Sponsor
J.P. Morgan Equities Limited
Date: 06/09/2010 17:05:01 Produced by the JSE SENS Department.
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