Alan Pullinger to take over as FirstRand CEO when Johan Burger retires in April
FirstRand deputy CEO Alan Pullinger will succeed Johan Burger as CEO on April 1, in a management reshuffle that also sees MMI deputy CEO Mary Vilakazi join the bank as chief operating officer. Burger, who reaches the bank’s retirement age of 60 years in 2018, will remain a FirstRand director. When Burger succeeded Sizwe Nxasana as FirstRand’s CEO in March 2015, the bank appointed then Rand Merchant Bank CEO Pullinger as his deputy. "The board is pleased to announce a smooth group CEO succession process, which is possible following Alan’s appointment as deputy CEO three years ago. Since then, Johan and Alan have been jointly driving execution on the group’s growth strategies," chairperson Laurie Dippenaar said in Tuesday’s statement. FirstRand’s announcement came shortly after MMI announced Vilakazi’s resignation on Tuesday morning. MMI, which was created by the merger of insurance groups Momentum and Metropolitan, announced a management reshuffle in January in which Nicolaas Kruger ...
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