S.Africa's FNB bank chief Jordaan resigns

22nd May 2013, Comments 0 comments

South Africa's First National Bank announced on Wednesday the resignation of its long-serving chief executive Michael Jordaan.

Jordaan, 45, will step down at the end of 2013 after a decade at the helm, parent company FirstRand Limited said in a statement.

He first indicated to the FirstRand board in 2010 his intention to step down at the end of 2013 "to spend more time with his family," the company said.

Jacques Celliers, 41, FNB's head of business banking, who is also heading its India expansion programme will become the new CEO.

An engineer by training, Celliers also has an MBA and has been working at FNB for 12 years.


© 2013 AFP

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