Latest news with #RenévanWyk
Reuters
07-05-2025
- Business
- Reuters
South Africa's Absa Group Chair Sello Moloko to step down in July
JOHANNESBURG, May 7 (Reuters) - South Africa's Absa Group (ABGJ.J), opens new tab announced on Wednesday that Sello Moloko will step down as chairman of the bank on July 15 to make way for new leadership, and René van Wyk will succeed him, subject to regulatory approval. Moloko said he had decided to quit after the board "dealt with several challenges in 2024", appointed a new chief executive and launched a restructure of Absa's retail model. here. "I feel the time is ripe now for me to refocus my attention on my family, my community commitments and the several personal business initiatives outside the Group that I need to drive," he added. Van Wyk was interim group Chief Executive Officer in 2019 and rejoined the Absa board as a non-executive director in 2020. "The organisation is well-positioned to advance its strategic priorities, and I look forward to contributing to its growth and success, alongside a strong management team," Van Wyk said. (This story has been refiled to correct the day of the week from Tuesday to Wednesday, in paragraph 1)
Bloomberg
07-05-2025
- Business
- Bloomberg
Absa Names Ex-South African Central Banker Van Wyk as Chairman
Absa Group Ltd. named the former head of banking supervision at the South African Reserve Bank as chairman, after the incumbent said he'll resign. René van Wyk will replace Sello Moloko, South Africa's third-largest lender by assets said in a statement on Wednesday. Moloko will step down on July 15 to focus on his business interests and other commitments, according to the statement.
