{"id":9883,"date":"2022-07-07T14:37:23","date_gmt":"2022-07-07T14:37:23","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team"},"modified":"2022-07-07T15:16:28","modified_gmt":"2022-07-07T15:16:28","slug":"absa-strengthens-executive-team","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team","title":{"rendered":"ABSA STRENGTHENS EXECUTIVE TEAM"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>As part of Absa Group\u2019s journey to enhancing market competitiveness and with due consideration to its transformation imperative, the Group has announced a strengthened Group Executive Committee (Exco) and a refined operating model, effective 1 July 2022.<\/b><\/p>\n

Absa embarked on a new strategy in 2018. The strategy, which has been refreshed, set Absa on a growth path and enabled it to build momentum. The Group is now positioning to intensify its efforts to compete.<\/p>\n

\u201cWe are reconfiguring Group Exco to create an organisation that is closer to customers, shows superior commercial performance and is fuelled by functional excellence,\u201d said Arrie Rautenbach, Absa Group Chief Executive Officer. \u201cThe inclusion of best-in-class commercial and revenue-generating skills from key customer segments will complement Absa Group\u2019s existing high-calibre Exco team and give credence to Absa\u2019s re-anchored strategy while allowing us to accelerate strategy execution,\u201d he said.<\/p>\n

Group Exco changes<\/b><\/p>\n

Given the elevated importance of both strategy and sustainability, and the integration of the two in the current environment, Punki Modise has been appointed Group Chief Strategy and Sustainability Officer, part of the Exco team.<\/p>\n

Key leaders in the former Retail and Business Banking (RBB) business unit have been appointed to Exco roles. They are Faisal Mkhize, Cowyk Fox and Geoffrey Lee, responsible for Relationship Banking, Everyday Banking and the newly constituted Product SolutionsCluster, respectively.<\/p>\n

In addition to his current responsibilities, Saviour Chibiya is now responsible for RBB ARO as Chief Executive: ARO and assumes full accountability for the RBB ARO business. ARO refers to Absa Regional Operations. Thabo Mashaba was recently appointed as Interim Group Chief People Officer, also an Exco role.<\/p>\n

The changes see Absa Group move from two commercial business units \u2013 RBB and Corporate and Investment Banking (CIB) \u2013 to five business units. These are: Everyday Banking, Relationship Banking, Product Solutions, CIB Pan-Africa and RBB ARO. CIB remains unchanged and will continue to be led by Charles Russon, who maintains accountability for CIB Pan-Africa.<\/p>\n

\u201cThere are clear commercial benefits that will flow from the operating model changes and a more diverse leadership team, with further opportunities to strengthen our transformation profile,\u201d said Rautenbach.<\/p>\n

Progress is underway with regards to permanent appointments in the roles of Group Chief People Officer, Group Chief Information Technology Officer and Group Chief Brand and Marketing Officer, which will be announced in due course. The additions to the Exco structure complement Absa Group\u2019s existing high-calibre executive team. The new structure and operating model are intended to support Absa\u2019s strategy, and increase the scope of Absa\u2019s senior leadership, ultimately allowing the Group to harness greater talent and transformation from the internal pipeline.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. As part of Absa Group\u2019s journey to enhancing market competitiveness and with due consideration to its transformation imperative, the Group has announced a strengthened Group Executive Committee (Exco) and a refined operating model, effective 1 July 2022. Absa embarked on a new strategy in 2018. The strategy, which has been refreshed, set […]<\/p>\n","protected":false},"author":84,"featured_media":9882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,237,234],"class_list":["post-9883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nABSA STRENGTHENS EXECUTIVE TEAM - Botswana<\/title>\n<meta name=\"description\" content=\"As part of Absa Group\u2019s journey to enhancing market competitiveness and with due consideration to its transformation ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABSA STRENGTHENS EXECUTIVE TEAM\" \/>\n<meta property=\"og:description\" content=\"As part of Absa Group\u2019s journey to enhancing market competitiveness and with due consideration to its transformation ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-07T14:37:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-07T15:16:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_17-62c6f8b45f1de.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ABSA STRENGTHENS EXECUTIVE TEAM\",\"datePublished\":\"2022-07-07T14:37:23+00:00\",\"dateModified\":\"2022-07-07T15:16:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team\"},\"wordCount\":451,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_17-62c6f8b45f1de.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-strengthens-executive-team\",\"name\":\"ABSA STRENGTHENS EXECUTIVE TEAM - 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