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Maria Ramos appointed Absa CEO.

Europe Intelligence Wire

| November 25, 2009 | COPYRIGHT 2009 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Banking Newslink)

Maria Ramos is appointed as the next Absa Group Chief Executive, subject to regulatory approval. She will follow Steve Booysen who is due to retire at the end of February.

Maria is currently Chief Executive of Transnet. Gill Marcus, Chairperson of Absa, said: "Succession planning is an integral part of the governance of corporations and financial institutions, particularly banks, whether at board, executive or senior management level. The constant evaluation of talent, opportunities for personal growth and advancement is critical to building a high performing organisation. I am therefore delighted to be welcoming one of South ...

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