ABSA group CEO to take early retirement

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ABSA's leadership woes have come into sharp focus following news that Group CEO, Arrie Rautenbach, plans early retirement after two years at the helm.

Rautenbach and the board have agreed that his role as CEO, and Executive Director, would end on October 15.

Charles Russo will then step in as interim CEO, and become an executive director on the board.

The leadership changes come as ABSA reported lower half-year profit results in the six months ending June 2024.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

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