ABSA Group has announced that its CEO Arrie Rautenbach will be going on early retirement on the 15th of April 2025.
Rautenbach will cease to be Group CEO and Executive Director of the Absa Group and Absa Bank from October 15 before resuming a six-month contractual notice period which will be served as garden leave.The Board has thanked Rautenbach for his contribution to the Group over a career that spanned over twenty-seven years with the organisation.
“The Absa Group has further announced the appointment of Charles Russon as interim CEO of Absa Group and Absa Bank effective from the 15th of October 2024. Russon joined Absa Capital in 2006 as Chief Financial Officer and has held numerous senior roles in the group, including his current role as Chief Executive of Absa’s Corporate and Investment Bank and Group Executive Committee member.