Wendy Lucas-Bull, Non-Executive Chairman of Absa.
Absa announces appointment of new Chairman
06 Nov 2012, 08:42 GMT
Absa, majority-owned by Barclays and one of South Africa’s largest financial services groups, announces the appointment of Wendy Lucas-Bull as its new Non-Executive Chairman.
... in Chief Executive Maria Ramos and with Wendy Lucas-Bull succeeding Garth, we have a leadership team to take Absa to the next level of delivery for its customers, clients and shareholders.
Wendy will take up the post in April 2013, succeeding Garth Griffin who retires after two years in the position.
Wendy has extensive experience in banking, serving as an independent Non-Executive Director of Nedbank since 2008. She also has extensive experience as a director on the boards of companies across multiple industries, as well as public sector agencies.
Garth Griffin, who has been on the Absa Board for 11 years, announced earlier this year his intention to retire once a successor was appointed. Garth will step down from his positions in the Absa Board, Board Committee, and Absa on 31 March 2013.
Antony Jenkins, Group Chief Executive of Barclays, said: “Africa offers a huge opportunity for Barclays through Absa and our other businesses across the continent.
“I would like to thank Garth for all he has done for Absa over his 11 years on the Board and most recently as Chair as we have moved to bring the Absa and Barclays businesses across Africa closer together.
“I know that in Chief Executive Maria Ramos and with Wendy Lucas-Bull succeeding Garth, we have a leadership team to take Absa to the next level of delivery for its customers, clients and shareholders.”
For more details, read the Absa press release