Absa Group has announced the early retirement of its Group Chief Executive Officer, Arrie Rautenbach, effective from 15 April 2025.
Following discussions with the Board, Rautenbach will step down as CEO and executive director of Absa Group and Absa Bank on 15 October 2024. He will then serve a six-month garden leave period until his official retirement.
Rautenbach, who became CEO in 2022, is the sixth leader to head the bank in the past six years. His 27-year career with Absa includes significant contributions to the organization's growth.
The Absa Board expressed its gratitude for Rautenbach's dedicated service and the impact he made during his tenure.
