ABSA appoints Arrie Rautenbach as new CEO
ABSA Bank has announced the appointment of Arrie Rautenbach as its new CEO following the departure of Daniel Mminele nearly 11 months ago.
The bank made the announcement on Tuesday..
Rautenbach has been promoted from the position of Chief Executive for Retail and Business Banking.
“He joined Absa in 1997 and has held several senior roles over the years, including Chief Risk Officer, Chief Executive: Retail Banking South Africa,” Absa said in a statement.
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“Shareholders are also informed that Jason Quinn, currently Interim Group CEO, will resume his role as Financial Director of Absa Group and Absa Bank, effective immediately, and remain an Executive Director on the Boards. Jason held this position from August 2016 to April 2021.”
Rautenbach takes over the position, which became vacant after the sudden departure of Mminele.
