Wendy Lucas-Bull to chair Absa

2012-11-06 11:05

Johannesburg - Absa [JSE:ASA] announced on Tuesday it had appointed Wendy Lucas-Bull as its new non-executive chairperson, following a nine-month search.

Lucas-Bull would lead the Absa Group and Absa Bank.

"Ms Lucas-Bull will succeed Garth Griffin, 63, who will have served on the Absa board for 11 years... when he retires," the group said in a statement.

Griffin would retire at the end of March, having served as chairperson for two years.

"The appointment of Wendy is the outcome of an intensive nine-month search process co-ordinated by a special directors' affairs sub-committee," said Brand Pretorius, who headed the sub-committee.

Lucas-Bull would take up the position on April 1, subject to regulatory approval.

Since 2008, Lucas-Bull has served on Nedbank's board as an independent non-executive director. She has extensive banking experience and expertise as a director on company boards across multiple industries in the private and public sectors.

CEO Maria Ramos thanked Griffin for his leadership and contribution to Absa.

"I look forward to working with Wendy, who has gathered vast experience in the financial services industry," she said.

"I believe in the people and the potential of Africa; and I believe that Barclays and Absa together can deliver on the opportunities that present themselves, for the benefit of all our stakeholders," said Lucas-Bull.

  • riotousr - 2012-11-06 12:12

    The rest of the banking industry is full of BULL.

  • stompies.hattingh.5 - 2012-11-06 12:19

    Yesss!! Now the Blue Bulls may hope for a new sponsor!!

  • arthur.hugh - 2012-11-06 13:32

    A fitting surname for heading a corrupt institution.

  • rodal262 - 2012-11-06 15:17

    Have Barclays not heard about Carol and Anglo. PC does nothing for shareholders.

  • brian.p.lavelle - 2012-11-07 10:57

    ABSA/Barclays are going to regret this Appointment. First Rand/FNB could not wait for her to go ! All Bull, No Delivery

  • ike.jakson - 2012-11-10 19:41

    The Texans say "All hat, no cattle" for this sort of thing. It looks, or is it my imagination, that little Maria may not be as happy as she tries to tell us?

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