Absa Deputy Chairman Brink To Replace Chairwoman In Interim
July 20 2009 - 3:28AM
Dow Jones News
Absa Group Ltd. (ASA.JO) Monday said its deputy chairman will
temporarily assume the position of chairman until a successor is
appointed for Gill Marcus, who has been named governor of the
country's central bank.
President Jacob Zuma Sunday said Marcus would replace Tito
Mboweni as governor of the South African Reserve Bank, effective
Nov. 9.
Marcus will step down as chairwoman of Absa and Absa Bank Ltd.
(ABSP.JO) with immediate effect, and Deputy Chairman Dave Brink
will assume the post on an interim basis, the financial services
company said.
Absa, which is majority owned by U.K. lender Barclays PLC (BCS),
said its board will follow the necessary governance process to
appoint a chairperson.
-By Robb M. Stewart, Dow Jones Newswires; +27 11 783 7848;
robb.stewart@dowjones.com