Standard Bank Group Limited SBG New Chairman Elect (9220K)
10 Mai 2022 - 7:33PM
UK Regulatory
TIDM68IG TIDM67PJ
RNS Number : 9220K
Standard Bank Group Limited
10 May 2022
Standard Bank Group Limited
10 May 2022
Announcement of Chairman Elect
In compliance with paragraph 3.59 of the JSE Limited ("JSE")
Listings Requirements and paragraph 6.39 of the JSE Debt Listings
Requirements and further to the announcement released on the Stock
Exchange News Service on 31 March 2022 in relation to the
retirement of Mr Thulani Sikhulu Gcabashe at the conclusion of the
upcoming annual general meeting on 31 May 2022, the Group is
pleased to announce the appointment of Ms Nonkululeko Nyembezi as
the Chairman designate of the boards of Standard Bank Group and The
Standard Bank of South Africa Limited (SBSA).
Ms Nyembezi will take over as Chairman of the Group and SBSA
Boards, as well as Chairman of the Directors' Affairs Committee,
with effect from 1 June 2022. This appointment followed a robust
succession planning process that was ably led by the Group's Lead
Independent Director. The Group has also obtained the necessary
Prudential Authority clearance for the appointment.
Ms Nyembezi was appointed to the boards of Standard Bank Group
and SBSA in January 2020 as an independent non-executive director.
She is a seasoned and respected leader with extensive experience in
diverse industries, gained from many years as an executive and
board member. Her experience includes that of board chairman and
member of board committees, with core expertise in strategy,
planning, execution, governance and corporate stewardship and a
proven record as a leader in diverse and complex organisations. Ms
Nyembezi's previous roles include the chairman of Alexander Forbes
Group Holdings, non-executive director of Old Mutual, CEO of
ArcelorMittal South Africa and non-executive director of Standard
Bank Namibia.
An MBA graduate from the Open University Business School, United
Kingdom, Ms Nyembezi also completed her MSc (Electrical
Engineering) from the California Institute of Technology.
In line with the time commitment associated with her new role,
Ms Nyembezi has reviewed her current commitments. Her role as the
non-executive chairman of the Johannesburg Stock Exchange came to
an end on 3 May 2022 and her external engagements will therefore be
her board memberships at Anglo American plc and Macsteel Service
Centres South Africa.
The boards congratulate Nonkululeko on her appointment and look
forward to her leadership.
For further information, please contact:
Ann Hunter
Standard Bank Group Limited
9th Floor
5 Simmonds Street, Johannesburg PO Box 2001
South Africa
Telephone number: +27 11 415 4194
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