Ben Kruger steps down as joint CE of Standard Bank
12 September 2017 - 09:38
Ben Kruger will step down as joint CE of Standard Bank with immediate effect, the banking group said on Tuesday. This leaves Sim Tshabalala as the only head of Africa’s biggest bank by assets. Kruger and Tshabalala took up their joint roles in 2013, following the retirement of Jacko Maree, who led the financial services group for more than 13 years. The company said in a statement it was satisfied that the structure, which has been in place since 2013, "has met and in many respects exceeded expectations". Kruger will remain an executive director, reporting to the CE.
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