Chief Executive, Maria Ramos to retire at end of February 2019
29 January 2019
Absa’s Group Chief Executive Officer, Maria Ramos will retire at the end of February 2019. Maria has chosen to retire in February when she turns 60 and will become eligible to do so.
Maria has been Group Chief Executive since 2009. She has led the Group through significant milestones including: acquiring Barclays’s Africa subsidiary banks; the sell-down and the start of separation from Barclays, establishing a new strategy as a standalone financial institution as well as brand refresh in South Africa.
The Board has appointed Mr. René van Wyk as the Interim Chief Executive with effect from 1 March 2019.
René has been a non-executive director on the Boards since February 2017. He was previously the Registrar of Banks within the South African Reserve Bank and retired from that position in May 2016. René had 19 years of experience with Nedbank, including as Executive Director of Risk for the then listed Nedcor Investment Bank. He was also Chief Executive Officer of Imperial Bank.