Absa forces out first black CEO
Absa forces out first black CEO By Sechaba Nkosi Share Outgoing Absa chief executive Daniel Mminele was forced out of his position after he disagreed with the board, chairperson Wendy Lucas-Bull in particular. Business Report can today reveal that Mminele was not given an option but had to leave over the differences on the strategic direction that he wanted the bank to take. Insiders claim that Mminele and Lucas-Bull clashed over the strategy that was already there when he joined in January last year. One claimed that the former SA Reserve Bank deputy governor wanted to adopt a more cautious ...
Source: iol.co.za