FirstRand Limited announced change to the board and new senior executive appointments. Mr. Roger Jardine will step down as chairman and director of the board at FirstRand's annual general meeting (AGM) on 30 November 2023. Mr. Jardine informed the board that he has elected to step down as he wishes to explore options to best serve South Africa and this will require his full attention.

Since his appointment as chairman in 2018, Mr. Jardine has provided strong stewardship of the board, including its reconstitution, the challenges presented by the Covid-19 pandemic and management succession. The board has appointed Mr. Johan Burger as chairman effective 1 December 2023. Mr. Burger retired as FirstRand chief executive officer (CEO) in 2018, at which point he joined the board as a non-executive director.

The board is pleased to appoint Mr. Burger - he is highly regarded for his knowledge of banking and broader financial services and his long, successful track record with the group. The board is comfortable that Mr. Burger meets the requirements of independence.