Jason Quinn bid Absa a costly goodbye
Former finance chief forfeited R60m in awards and incentives on joining Nedbank as CEO
11 March 2025 - 12:28
UPDATED 11 March 2025 - 23:25
Jason Quinn made a R60m financial sacrifice by stepping down as Absa’s finance chief in late 2023 to take on the role of CEO at rival lender Nedbank, providing evidence that even the most carefully crafted retention strategies can falter.
The board of Absa, led by Sello Moloko, had concocted a retention agreement with Quinn a year earlier, hoping to keep him on the board as part of the transitional arrangements for the then-new CEO Arrie Rautenbach, who also stepped down less than two years into the job...
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