Kenny Fihla swops Standard Bank for Absa
Standard Bank South Africa CEO and deputy group CEO Kenny Fihla has resigned after 18 years of service.
Fihla, who is on garden leave from Monday, will take up the role of CEO and executive director of Absa Group and Absa Bank on June 17.
This is subject to regulatory approval.
“Kenny is a recognised leader with substantial Pan-African banking experience, has relationships across the banking and financial ecosystem, and a proven track record to drive results in complex environments,” said Absa Board chairman, Sello Moloko.
“The Board is confident that his leadership will further enhance Absa’s positive momentum and our ability to deliver meaningful value to our clients and stakeholders,” said Absa Board chairman, Sello Moloko.
He will succeed Interim GCEO Charles Russon.
Moloko added: “ Charles Russon remains Interim Chief Executive Officer of Absa Group and Absa Bank until 16 June 2025. Charles will partner closely with Kenny to ensure a smooth leadership transition, during which he will take a key senior role within the Group Executive Committee.”
“I am honoured to join and lead a team dedicated to making a positive impact across the continent. I look forward to working with Absa’s talented teams to build on the Group’s foundation. Together, we will drive forward-thinking strategies that meet our clients’ needs, empower our communities, and ensure long-term growth and success for the Group,” said Fihla.
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