Arrie Rautenbach named new CEO of Absa

Johannesburg – The ABSA group has announced the appointment of Arrie Rautenbach as Chief Executive Officer.

In a statement, the bank said the appointment followed a thorough recruitment and selection process completely by the board.

Rautenbach is currently Chief Executive of the group’s retail and business banking unit.

He is the first internally appointed CEO since 2006.

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