News Formal

Absa shakes up the way it operates

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business Business Headlines News

Absa is moving from two main business units to five and reshaped its executive committee to ‘grow its own timber’ for future succession planning

Absa’s new CEO, Arrie Rautenbach, played his first major hand on Thursday, announcing a shake-up of the bank’s operating model along with a raft of executive changes designed to bring the senior leadership closer to its client-facing businesses.

The changes unveiled by Rautenbach, an Absa stalwart who took the reins of SA’s fourth-biggest bank towards the end of March, will see Absa move from two business clusters to five in a process that also involves reshaping the executive committee to boost transformation credentials...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Absa shakes up its operating model as it eyes growthThe changes see the bank move from two commercial business units to five
Source: BDliveSA - 🏆 12. / 63 Read more »

Absa shakes up its operating model as it eyes growthThe changes see the bank move from two commercial business units to five
Source: BDliveSA - 🏆 12. / 63 Read more »