Absa’s ‘deep reflection’ after CEO’s messy exit
Chair says the board had learnt lessons from Arrie Rautenbach’s early retirement
02 April 2025 - 05:00
Sello Moloko, the chair of Absa, has told investors that media reports about erstwhile CEO Arrie Rautenbach’s leadership style ahead of his early retirement “strained” the lender’s reputation and relationship with stakeholders.
Moloko, in his letter to shareholders published in the group’s 2024 annual report, said the board had learnt lessons from Rautenbach’s exit...
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