Race not an issue in CEO's departure, Absa insists : vimarsa

Race not an issue in CEO's departure, Absa insists


Race not an issue in CEO’s departure, Absa insists
Board chair Wendy Lucas-Bull says first black CEO Daniel Mminele left over strategy issues
25 April 2021 - 19:21
Supporters of Daniel Mminele express their feelings over his surprise departure from Absa. The bank has rejected suggestions that race was a factor. Picture: ALON SKUY
Absa chair Wendy Lucas-Bull has defended the banking group against perceptions that its first black CEO, Daniel Mminele, was forced out as a result of clashes with white executives.
She reiterated on Sunday that his departure was a result of differences about the group’s future strategy, and was not due to any lack of commitment to transformation.

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