You know something has changed when you are no longer included in the informal meetings round the office water cooler and what is being said there excludes you - but you, your decision making and your leadership style are the main topics of conversation. Congratulations! You have just become the boss. Standard Bank has finally done away with its dual-CEO structure, devised after the retirement of Jacko Maree in 2013. Arguably, the bank was a more cumbersome beast then, but at the time it was done it looked like an awkward boardroom compromise. While the structure seems to have worked fine internally over the past four years, it was confusing to outsiders. Now that Ben Kruger is taking a step back, leaving Sim Tshabalala as sole final custodian of the bank's fate, the lines of responsibility are a lot clearer. Like the pairing that was Brangelina, BenSim is no more. If all goes well, Tshabalala will be handsomely rewarded; if not, shareholders will be able to focus their wrath on a 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.