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Absa Group Board appoints Sello Moloko as Chairman-designate

Absa Group Board appoints Sello Moloko as Chairman-designate
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Cape-town , Western-cape , South-africa , Leicester , United-kingdom , Soweto , Gauteng , Sello-moloko , Nelson-mande , Wendy-lucas , University-of-leicester , Wendy

Absa Group Board Appoints Sello Moloko As Chairman-Designate

Absa Group Board Appoints Sello Moloko As Chairman-Designate

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AskNano Officials Pay Courtesy Call On LEKMA Assembly

AskNano Officials Pay Courtesy Call On LEKMA Assembly
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Absa Group Board Appoints Sello Moloko As Chairman-Designate

Absa Group Board Appoints Sello Moloko As Chairman-Designate

Cape-town , Western-cape , South-africa , Leicester , United-kingdom , Soweto , Gauteng , Sello-moloko , Wendy-lucas , University-of-leicester , Management-program , Alexander-forbes-group-holdings

Absa appoints Sello Moloko as chair-designate in the wa...

Absa has appointed multi-faceted businessperson Sello Moloko as its chairperson-designate a day after bruising allegations against the bank and the banking regulator were made by its initial choice for the post, the equally renowned business and political personality, Sipho Pityana. Absa has ap...

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Banking Sector Must Be Transformed Following Resignation of Absa CEO Daniel Mminele

Banking Sector Must Be Transformed Following Resignation of Absa CEO Daniel Mminele
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21st April 2021
It is with shock that the news of Absa Group Chief Executive, Daniel Mminele resignation was announced today in a press statement released by the bank. This comes as a major surprise to many in the finance and banking industry, as Mr Mminele only served one year at the helm of one of South Africa's top banks.

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Daniel Mminele Steps Down As Absa Group Chief Executive

Daniel Mminele Steps Down As Absa Group Chief Executive
By Soko Directory Team / Published April 21, 2021 | 10:42 am
KEY POINTS
Daniel and Absa have agreed that their interests are best served by this parting, with an appropriate separation arrangement.
The Absa Group Board and the Group Chief Executive, Daniel Mminele have come to an agreement pursuant to which he has stepped down as a director and Group Chief Executive and will be leaving the group with effect from 30 April 2021.
The parties have not managed to achieve alignment in relation to the group’s strategy and the cultural transformation journey. Mr. Mminele joined the Group as Group Chief Executive on 15 January 2020 and led the Group through the Covid-19 crisis and its response thereto.

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Daniel Mminele resigns as Absa Group Chief Executive

Daniel Mminele resigns as Absa Group Chief Executive
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The Absa Group Board and the Group Chief Executive, Daniel Mminele has announced the latter’s exit as a director and Group Chief Executive. Mr. Mminele will be leaving the group with effect from 30 April, 2021. The exit has been attributed to the two parties’ disagreements over alignment in relation to the group’s strategy and the culture transformation journey.
Mr. Mminele joined the Group as Group Chief Executive on 15 January, 2020 and led the Group through the COVID-19 crisis and its response.
Meanwhile, the Board has appointed Jason Quinn, Absa Group Financial Director, as the Interim Group Chief Executive with effect from 20 April.

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Absa CEO Daniel Mminele to part ways with the bank

Daniel Mminele, formally a deputy governor of the South African Reserve Bank, will be the second banking CEO to leave his role in unhappy circumstances in the space of a few months.
This morning (Tuesday, 20 April 2021) Absa confirmed that “Mr Mminele and the Board are working on a suitable separation arrangement”. Further details are to be announced today.
Mminele took over in January 2020 from René van Wyk, who led the bank on an interim basis after Maria Ramos retired in February 2019.
At the end of January, African Bank announced the resignation of its CEO, Basani Maluleke, saying she will be pursuing other career opportunities. However, speculation that she was pushed has never been put to bed.

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Daniel Mminele steps down as Absa Group Chief Exec over divergent views

Daniel Mminele steps down as Absa Group Chief Exec over divergent views
Absa statement:
The Absa Group Board and the Group Chief Executive, Daniel Mminele have come to an agreement pursuant to which he has stepped down as a director and Group Chief Executive and will be leaving the group with effect from 30 April 2021. The parties have not managed to achieve alignment in relation to the group’s strategy and the culture transformation journey.
Mr Mminele joined the Group as Group Chief Executive on 15 January 2020 and led the Group through the Covid-19 crisis and its response thereto. Last year, Absa delivered a comprehensive customer and client relief package, and provided support and relief to public health authorities and communities respectively across all its African markets, while delivering a resilient and respectable financial performance under difficult conditions.

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