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Standard Bank CEO Sim Tshabalala, CFO Daehnke to Retire in 2027
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bizcommunity.comStandard Bank CEO to retire by end-2027, strong half-year result boosts shares
The Standard Bank Group said CEO Sim Tshabalala would retire by the end of 2027 as it reported higher half-year earnings that sent shares to an all-time high on Thursday.
Standard Bank’s CEO and CFO to retire in 2027
Standard Bank’s CEO Sim Tshabalala and CFO Arno Daehnke will both retire in 2027, having been appointed to their roles in 2013 and 2016, respectively, the bank announced in an email on Thursday.The change comes months after the board of Africa’s largest bank by assets upped its retirement age for its executive branch from 60 to 63. At the time it was expected to allow Tshabalala, 57, to extend his stay in office after his then deputy Kenny Fihla…
Standard Bank CEO Sim Tshabalala, CFO Daehnke to Retire in 2027
Standard Bank Group Ltd. Chief Executive Officer Sim Tshabalala and Group Chief Finance and Value Management Officer Arno Daehnke will retire by the end of 2027, even as the lender increased the retirement age for its executives.
In the corridors of the Standard Bank, the announcement of 14 August made the effect of a coded signal: Sim Tshabalala, general manager since 2013 and historical figure — the black chief executive officer of the mother house — will leave at the end of 2027, along with its financial director, Arno Daehnke. Officially, it is a scheduled departure in the...
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