# Absa has announced that its chairperson, Sello Moloko, will step down on 15 July after just over three years in the role. Moloko cited personal reasons for his departure, aiming to focus on family, community, and personal business ventures. The Absa Group expressed its appreciation for Moloko’s leadership during a pivotal phase in the bank’s journey and wished him continued success. He will be succeeded by René van Wyk, a former interim CEO and current non-executive director, pending regulatory approval. Van Wyk is also a former registrar of banks.
Absa chair Sello Moloko to step down in July