Johannesburg - Russell Loubser will stand down as the JSE's CEO with effect from 31 December 2011.
In a statement on Tuesday, the JSE Ltd [JSE:JSE] said that Nicky Newton-King, currently deputy chief executive, would become CEO with effect from 1 January 2012.
Loubser joined the JSE as CEO in 1997.
"This is not the time to praise or thank Russell for his enormous contribution as he still has nine months left before leaving the JSE. The time for farewells will come later," s JSE non-executive chairman Humphrey Borkum said.
In a statement on Tuesday, the JSE Ltd [JSE:JSE] said that Nicky Newton-King, currently deputy chief executive, would become CEO with effect from 1 January 2012.
Loubser joined the JSE as CEO in 1997.
"This is not the time to praise or thank Russell for his enormous contribution as he still has nine months left before leaving the JSE. The time for farewells will come later," s JSE non-executive chairman Humphrey Borkum said.