ASA/ABSP - Absa Group Limited/Absa Bank Limited - Retirement of an
JSE ABSP ASA
ABSAB AMAGB
ASA/ABSP - Absa Group Limited/Absa Bank Limited - Retirement of an
independent chairman and non-executive director of the Absa Group and Absa
Bank Boards
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 or 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)
INTENTION TO STEP DOWN AS INDEPENDENT CHAIRMAN AND NON-EXECUTIVE DIRECTOR OF
THE ABSA GROUP AND ABSA BANK BOARDS
Garth Griffin, Chairman of the Absa Group and Absa Bank boards, has
announced his intention to retire once a successor is appointed. Mr Griffin
will be available for re-election as a director at the Absa Group Annual
General Meeting on 3 May 2012 and, if re-elected, will continue to serve as
Chairman until such time as a successor is appointed.
Mr Griffin has served on the Absa Group and Absa Bank boards since 2001 and
took up the position of chairman of these boards on 1 October 2010.
On behalf of all members of the board, Maria Ramos, Absa Group Chief
Executive, said: "Garth has brought strong leadership and years of
experience in the financial sector to the Absa boards. His contribution to
our business over the past 11 years has been invaluable and we are grateful
that he has offered to remain in his role as chairman until we have
appointed a successor."
An announcement on Mr Griffin`s successor will be made in due course.
Johannesburg
14 March 2012
Enquiries:
Mr Alan Hartdegen - Head: Group Investor Relations
+27 (0)11 350 2598
e-mail: alan.hartdegen@absa.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 14/03/2012 11:00:01 Produced by the JSE SENS Department.
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