South African bank African Bank announced Monday, January 25, that its chief executive, Basani Maluleke, has resigned from the group to pursue other career opportunities. The bank noted that the outgoing CEO has made a significant contribution to the development of the structure in recent years.
“I am extremely proud of what we have accomplished over the past three years and grateful for the dedication and hard work of our staff. It has been an honor to serve as CEO of African Bank during an important phase of the transformation of the organization, ”commented Maluleke.
The bank said the board has appointed, subject to the approval of the Prudential Authority, Gustav Raubenheimer as interim CEO. He is currently the Chief Financial Officer of the Bank, also a member of the Board of Directors.
In addition, underlines the Bank, Basani Maluleke will serve her notice period until April 30, 2021, during which time she will be available to ensure a smooth transfer process.
The board is expected to begin the executive search process for a new CEO. This will be done before the presentation of its annual financial results for the fiscal year ending in September 2020, scheduled for Tuesday, January 26.