Standard Bank has named former Johannesburg Stock Exchange chair Nonkululeko Nyembezi as the head of its board with effect from 1st June 2022.
Nyembezi will take over from Thulani Gcabashe, who is stepping down after seven years in the position, after the group’s Annual General Meeting on May 31.
Nyembezi has previously been the chair of Alexander Forbes Group Holdings, a non-executive director of Old Mutual, CEO of ArcelorMittal SA and non-executive director of Standard Bank Namibia.
Her role as the non-executive chair of the JSE ended on May 3 and she will remain a board member at Anglo American and Macsteel Service Centres SA, the bank said in a statement. She was appointed to the board of Standard Bank in January 2020 as a non-executive director.
“She is a seasoned and respected leader with extensive experience in diverse industries, gained from many years as an executive and board member,” the bank said.
“Her experience includes that of board chair and member of board committees, with core expertise in strategy, planning, execution, governance and corporate stewardship and a proven record as a leader in diverse and complex organisations.”
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