Arrie Rautenbach appointed Absa CEO with immediate effect

Rautenbach is the group’s first internally appointed CEO since 2006 and hails from Absa’s retail and business banking unit. Moneyweb Absa companynews

Banking giant Absa Group announced the appointment of Arrie Rautenbach as CEO on Tuesday morning in a JSE Sens statement. The appointment is effective immediately. Rautenbach is the group’s first internally appointed CEO since 2006 and hails from Absa’s retail and business banking unit. Absa’s move to appoint an internal executive to the top post and to steady the ship follows a tumultuous 2021 from a board and executive perspective.

Mminele exit: Absa board faces serious questions “I am confident that his leadership will provide the continuity and stability necessary to consolidate our purpose and strategy,” she said. “I know that the group is in good hands under Arrie’s executive leadership as I hand over the reins of the board chairmanship to Sello [Moloko], who takes over on April 1, 2022,” added Lucas-Bull.

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