Mminele took over at Absa, one of the continent's biggest banks, less than two years ago, and has been responsible for driving a turnaround plan that was largely put in place before his arrival, though he made some changes to strategy.reported on Tuesday that the bank was set to lose Mminele just 15 months into his tenure, with speculation in the market that chair Wendy Lucas Bull and the board are unhappy with changes he wants to make at the bank.
Absa said in a brief statement that the board had been in discussions with Mminele around his working relationship with them and a further announcement would be made later on Tuesday. “Mr Mminele and the board are working on a suitable separation agreement,” the bank said, without elaborating.Mminele could not immediately be reached for comment.
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Absa CEO Daniel Mminele leaves over strategy dispute after 15 months, acting CEO appointedAbsa CEO DanielMminele 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%. Sinking Ship Over strategy of collupsing black businesses.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Absa CEO Daniel Mminele leaves over strategy dispute after 15 months, acting CEO appointedAbsa 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%.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Absa CEO Daniel Mminele leaves over strategy dispute after 15 months, acting CEO appointedAbsa 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%.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Absa mum on future of CEO Daniel Mminele after 'fallout' with boardAbsa spokesperson Songezo Zibi on Monday evening said “we cannot comment on speculation. Material developments are communicated through SENS”. AbsaSouthAfrica must just follow Barclays to England such institutions must fuck off Another token appointment failed. Call it what it is...EE disaster.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Absa CEO Daniel Mminele to step down, bank cites strategy and 'culture transformation non-alignment'Mminele took over as CEO at Absa in January 2020, steering it through the Covid-19 crisis. Is he also 'an experiment gone wrong',within such a short space of time-Absa,but are you serious? Does it mean Mminele was a maverick at Absa,so from the Reserve bank to Absa,it's worlds apart and that such a seasoned banking executive would struggle to align strategy and culture transformation in a bank set-up?How true is this?
Source: SundayTimesZA - 🏆 47. / 51 Read more »