{"id":835037,"date":"2025-08-14T13:30:42","date_gmt":"2025-08-14T11:30:42","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=835037"},"modified":"2025-08-14T13:31:46","modified_gmt":"2025-08-14T11:31:46","slug":"end-of-the-road-for-standard-bank-ceo","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/835037\/end-of-the-road-for-standard-bank-ceo\/","title":{"rendered":"End of the road for Standard Bank CEO"},"content":{"rendered":"\n<p>Standard Bank Group CEO Sim Tshabalala and CFO Arno Daehnke will retire by the end of 2027, even as the lender increased the retirement age for its executives.\u00a0<\/p>\n\n\n\n<p>While Africa\u2019s biggest bank by assets raised the retirement age for its executives to 63 from 60, that won\u2019t apply to Tshabalala and Daehnke, the lender said. <\/p>\n\n\n\n<p>Tshabalala was appointed to his role in 2013, while Daehnke was appointed in 2016.<\/p>\n\n\n\n<p>&#8220;We have extended the retirement age for future executives aligned to local and international trends that reflect longer and more productive working lives,&#8221; said Chairperson Nonkululeko Nyembezi. <\/p>\n\n\n\n<p>&#8220;However, it is important to maintain clarity and certainty in our current leadership transition plans. This approach ensures we honor those plans while preparing the next generation of leaders.\u201d<\/p>\n\n\n\n<p>Tshabalala&#8217;s possible replacement has become less clear after former Deputy CEO Kenny Fihla departed to take the reigns of its competitor Absa. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Bank has announced that CEO Sim Tshabalala will retire in 2027 despite increasing its retirement age for executives. <\/p>\n","protected":false},"author":59,"featured_media":789336,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[29,499],"class_list":["post-835037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-absa","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/835037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=835037"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/835037\/revisions"}],"predecessor-version":[{"id":835039,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/835037\/revisions\/835039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/789336"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=835037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=835037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=835037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}