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Race not an issue in CEO’s departure, Absa insists

Board chair Wendy Lucas-Bull says first black CEO Daniel Mminele left over strategy issues

25 April 2021 - 19:58 By hilary joffe

Absa chair Wendy Lucas-Bull has defended the banking group against perceptions that its first black CEO, Daniel Mminele, was forced out as a result of clashes with white executives.

She reiterated on Sunday that his departure was a result of differences about the group’s future strategy, and was not due to any lack of commitment to transformation...

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