Browsing: Daniel Mminele

Absa has appointed long-serving executive Arrie Rautenbach as its new CEO, replacing Daniel Mminele, who resigned last year after clashing with the banking group’s board.

Absa Group CEO Daniel Mminele has stepped down, the bank said on Tuesday, a shock departure just 15 months into his post that sent shares in one of Africa’s biggest lenders down as much as 5%.