| Wed 11 Sep 2013, 8:06 | | FIRSTRAND LIMITED - Management appointments |
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FSR FSRP 201309110009A
Management appointments
FirstRand Limited
(Incorporated in the Republic of South Africa)
Registration number: 1966/010753/06
Income tax number: 9150201714
JSE code: FSR ISIN: ZAE000066304
B Preference share code: FSRP ISIN: ZAE000060141
NSX share code: FST
("FirstRand" or "the Group")
Management Appointments
FirstRand today informed shareholders that the Group has made the following new appointments:
- Johan Burger, currently FirstRand Group Financial Director and Group COO is appointed Group
Deputy CEO, effective 1 October 2013, but will retain the Group Financial Director role until
31 December 2013.
- Effective 1 October 2013, Harry Kellan, currently CFO of FNB is appointed CFO of FirstRand Bank
and Jaco van Wyk is appointed Group Head of Finance. This follows Alan Hedding's retirement as
CFO of FirstRand Bank and Group Head of Finance (effective 30 September 2013). In addition to
his role as FirstRand Bank CFO, Harry Kellan will be appointed Group Financial Director from 1
January 2014.
- Brian Riley retires as CEO of WesBank on 31 December 2013 and Chris de Kock, currently
General Manager: Sales and Marketing at WesBank, has been appointed WesBank CEO from 1
January 2014.
Over the past two years Johan Burger's role and responsibilities have expanded significantly and
therefore it is deemed necessary to appoint Harry Kellan as Group Financial Director to take over the
following responsibilities:
- financial and regulatory reporting;
- performance management;
- tax compliance and tax risk; and
- management of the Corporate Centre functions.
This will allow Johan Burger to spend more time on managing the broader financial resources of the
Group (capital, funding and risk) and driving cross-franchise initiatives. The current responsibilities of
the Group COO role will be integrated into the Deputy CEO role.
Harry Kellan has been the CFO of FNB since March 2007. He will be appointed to the FirstRand
Limited and FirstRand Bank boards as an executive director. The Group is in the process of
appointing Harry Kellan's replacement at FNB.
Jaco van Wyk has been with FirstRand for 11 years, most recently Head of Accounting and Reporting
for the FirstRand Group.
Chris de Kock joined WesBank in January 1987 and has successfully fulfilled a number of executive
roles culminating in his current role.
Harry Kellan, Chris de Kock and Jacques Celliers, who as previously announced replaces Michael
Jordaan as FNB CEO on 1 January 2014, will join the Group strategic executive committee, effective
1 October 2014.
The Group is fortunate to have the necessary depth and quality of management to ensure a
seamless handover of responsibilities.
Sandton
10 September 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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