Some senior managers were in a jubilant mood this week after the news broke that Absa CEO Arrie Rautenbach is to take early retirement just two years into his tenure in charge of the banking giant.
Absa announced Rautenbach's early retirement on Monday, saying he would step down as CEO and executive director as of October 15, followed by a six-month contractual notice period of “garden leave”. Head of the Corporate and Investment Bank, Charles Russon, will take over as interim CEO. ..
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.