ABSA GROUP LIMITED - APPOINTMENT OF NEW GROUP CHIEF EXECUTIVE
Absa Group Limited
(`Absa`)
Registration number: 1986/003934/06
JSE Share code: ASA
ISIN Code: ZAE000013389
APPOINTMENT OF NEW GROUP CHIEF EXECUTIVE
In accordance with the requirements of paragraph 3.67 of the Listings
Requirements, the following should be noted:
The board of directors of financial services group Absa Group Limited announces
the appointment of Dr S F (Steve) Booysen (41) to the position of Group chief
executive effective 1 August 2004. Dr Booysen, a member of the board of Absa
Bank Limited, will join the board of Absa Group Limited on the same date.
Dr Booysen is a Group executive director in charge of wholesale, international
and business banking and has been with the Group for 16 years. He will succeed
Mr E R (Nallie) Bosman when Mr Bosman retires from the Group after 41 years of
service.
Dr Booysen, who has the qualifications BCompt (Hons), DCom, CA (SA), joined the
Group in 1988. After completing his articles with Ernst & Young (1980 - 1983),
he became a senior lecturer in accounting at the University of South Africa
(1983 - 1988).
His first appointment with the Group was as senior manager: Finance at TrustBank
and he then held the position of assistant general manager: Finance from 1988 to
1992. From 1992 to 1994 he was assistant general manager: Group Finance at Absa.
Dr Booysen then joined Absa Corporate Bank (later Absa Corporate and Merchant
Bank) where he held the positions of general manager and deputy operating
executive. He was appointed as a Group executive director in 2001.
end
Date: 21/05/2004 08:00:03 AM Produced by the JSE SENS Department
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