Roger Jardine, not Sizwe Nxasana, will succeed Laurie Dippenaar at FirstRand
Dippenaar, who founded FirstRand with Paul Harris and Gerrit Ferreira, will retire on March 31
FirstRand chairman Laurie Dippenaar will be succeeded by Primedia CEO Roger Jardine, and not the bank’s former CEO, Sizwe Nxasana.Dippenaar, who founded FirstRand with Paul Harris and Gerrit Ferreira, intends to retire on March 31, the bank said on Thursday morning.The banking group said its original plan was for Nxasana to return as nonexecutive deputy chairman ahead of Dippenaar’s retirement."Mr Nxasana’s various civil society and investment activities have, however, placed extensive demands on his time and he has confirmed to FirstRand that he cannot commit to the role of nonexecutive chairman. "The group respects this decision and acknowledges the important contribution Mr Nxasana is making to the South African education sector," Thursday’s statement said.Jardine will resign as Primedia CEO to take the post of the bank’s chairman from April 1. He has been a nonexecutive director on various boards within the FirstRand group for the past 13 years.He was construction group Aveng’s ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.