January 29, 2019 / 7:12 AM / 9 months ago

South Africa's Absa CEO to retire at end of February

JOHANNESBURG Jan 29 (Reuters) - 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)

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