FirstRand financial director and group chief operating officer Johan Burger has been appointed group deputy CEO, the financial services provider announced on Wednesday (11 September).<\/p>\n
Burger would take up his new appointment on October 1 but would also retain his position as group financial director until December 31, FirstRand said in a statement.<\/p>\n
FirstRand CEO Sizwe Nxasana said: “Following his appointment as group CFO and COO in 2009, Johan’s role and responsibilities expanded significantly.<\/p>\n
“This new role, as deputy CEO [which also incorporates the COO role] frees him up to spend more time on managing the financial resources of the group, namely capital, funding and risk, and driving strategic cross-franchise initiatives.”<\/p>\n
The group also announced a number of new appointments.<\/p>\n
FNB CFO Harry Kellan was appointed FirstRand Bank CFO from October 1.
\nHe would also take up the appointment of group financial director from January 1 next year.<\/p>\n
Nxasana said the group was pleased that Kellan was joining.<\/p>\n
“… He joins us from our largest franchise, FNB, where he has been CFO since 2007.”
\nJaco van Wyk was appointed group head of finance as of next month.<\/p>\n
The appointments followed Alan Hedding’s retirement as CFO of FirstRand Bank and group head of finance.<\/p>\n
Wesbank CEO Brian Riley would retire on December 31 would be replaced by current general manager of sales and marketing at the bank Chris de Kock. He would take up the role of CEO on January 1 next year.<\/p>\n
Nxasana said FirstRand wished Riley the best in his retirement.<\/p>\n
“… He has overseen an incredibly successful period of growth at WesBank.”
\nHe said the group was fortunate to have the quality of management to ensure a seamless handover of responsibilities.<\/p>\n
“Given our owner-manager culture, and the level of empowerment that our management teams enjoy, moving people into senior roles is quite straightforward and seamless.<\/p>\n
“We have seen a great deal of change in our management teams – at both a group and franchise level – over the past 10 years, and thanks to the depth and quality of our people these transitions have been smooth and have ensured continuity and momentum in our operations,” Nxasana said.<\/p>\n
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