Absa Chief Executive Maria Ramos poses for a photograph during a rebranding launch where Barclays Africa changed its name back to Absa on Wednesday, at the Johannesburg stock exchange in Sandton, South Africa, July 11, 2018. REUTERS/Siphiwe Sibeko
South Africa’s Absa CEO Maria Ramos to Retire at End of February
South African lender Absa said on Tuesday its chief executive Maria Ramos, who has been at the helm for ten years, will retire at the end of February after the firm completed its separation from Barclays PLC and relaunched its brand. “With the separation on track and our new strategy as a standalone financial institution […]
Absa Chief Executive Maria Ramos poses for a photograph during a rebranding launch where Barclays Africa changed its name back to Absa on Wednesday, at the Johannesburg stock exchange in Sandton, South Africa, July 11, 2018. REUTERS/Siphiwe Sibeko
South African lender Absa said on Tuesday its chief executive Maria Ramos, who has been at the helm for ten years, will retire at the end of February after the firm completed its separation from Barclays PLC and relaunched its brand.
“With the separation on track and our new strategy as a standalone financial institution in place, Maria feels that this is the right time to retire,” Absa said.
René van Wyk will be appointed as interim chief executive with effect from March until a permanent appointment is made, the firm said in a statement.
(Reporting by Tanisha Heiberg, editing by Louise Heavens)