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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 Group Deputy CEO Peter Matlare passes on due to COVID-19

Absa Group Deputy CEO Peter Matlare passes on due to COVID-19
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Absa Group has announced the demise of Peter Matlare, Executive Director and Deputy Group Chief Executive. The late Peter Matlare died on 7 March 2021 due to COVID-19 related complications, according to a statement from the company.
The Late Peter joined Absa Group Board as an independent non-executive Director in 2011. He was appointed Group Deputy Chief Executive Officer in August 2016. He was also the Chief Executive responsible for Absa Regional Operations, covering the bank’s presence on the continent outside of South Africa.
“He played a key role in overseeing our regional operations and safely leading our banks through the major Separation from Barclays and rebrand to Absa. Peter has made a significant contribution to the Group, and Absa has lost a dedicated leader, a visionary and an amazing human being,” said Wendy Lucas-Bull, Absa Group Chairperson said.

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