Michael Jordaan leaving FNB: report
FNB CEO, Michael Jordaan is planning to step down from the bank at the end of 2013, according to a Moneyweb report.
The news has been confirmed by two sources close to the bank, according to Moneyweb, though it remains unclear whether Jordaan has officially resigned or not.
Taking to Twitter, the FNB CEO neither confirmed nor denied the report, simply stating “Speculative”, before taking off on a plane.
Michael Jordaan’s response
FNB was not immediately available for comment.
According to the Moneyweb report, two analysts which the news publications spoke to said they had not received official news on a possible departure, but that the news wouldn’t be surprising, as Jordaan had stated before that he would like to get involved in other opportunities.
Jordaan has been FNB’s CEO since 2004 after heading the customer solutions division for FirstRand. He also pioneered the advent of eBucks in SA.
Source: Moneyweb – Michael Jordaan planning to leave FNB
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