Nedbank Group names Absa’s former finance director as CEO-designate

Date:

Customers perform transactions on Nedbank automated teller machine

Customers perform transactions on Nedbank automated teller machine (ATM) at the Trade Route Mall, in Lenasia outside Johannesburg, South Africa, February 8, 2023. REUTERS/Siphiwe Sibeko/File Photo Acquire Licensing Rights

Nov 22 (Reuters) – South Africa’s Nedbank Group (NEDJ.J) on Wednesday appointed Jason Quinn, former finance director at peer Absa Group (ABGJ.J), as the chief executive-designate of the group and bank.

Quinn, 49, stepped down from his role at Absa Group and bank earlier in the day, after spending 15 years with the lender. He will join Nedbank in May next year.

Quinn will succeed company veteran Mike Brown, who in June had announced his intention to step down from the CEO’s role — a position he held since 2010.

At Absa, Chris Snyman will become interim finance director with immediate effect.

Reporting by Prerna Bedi in Bengaluru; Editing by Shilpi Majumdar

Our Standards: The Thomson Reuters Trust Principles.

Acquire Licensing Rights, opens new tab

Share post:

Subscribe

Popular

More like this
Related

Russia fines Google more than entire world’s GDP

A Russian court has fined Google two undecillion roubles...

‘We earn £100,000. We are not worse off after the Budget’

Hannah ClarkeChancellor Rachel Reeves has unveiled Labour's first Budget...

Capital Trends in the Global Energy Transformation Wave: Opportunities and Challenges Coexist

Author: James Anderson The intensification of global climate change and...

PhotonPay Showcased Travel Payment Solutions at Travel Tech Asia 2024

PhotonPay, an innovative digital infrastructure service provider, showcased its...