SCHALK BURGER
FINANCIAL services firm Nedbank has appointed Daniel Mminele as an independent nonexecutive director and chairperson-designate for the Nedbank Group and Nedbank Limited companies.
His appointment as an independent nonexecutive director of the companies will be effective from May 1, while he will be elected as chairperson immediately following the conclusion of the Nedbank Group annual general meeting (AGM) scheduled to be held on June 2.
Nedbank chairperson Mpho Makwana will retire at the close of the AGM on June 2. Makwana was appointed as the nonexecutive chairperson of Nedbank in December 2021, having already served more than nine years on the Nedbank board. His appointment was occasioned by the need for continuity following the untimely death of the company’s previous chairperson Vassi Naidoo. It was announced at the time that Makwana would retire in the normal course at the 2023 AGM, the bank says.
Mminele has significant banking and financial services experience, and is
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