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Media release

Media release

Absa Group Appoints Kenny Fihla as Group Chief Executive Officer

17 March 2025

Absa Group today announced the appointment of Kenny Fihla as its Group Chief Executive Officer (GCEO), effective 17 June 2025. 

Absa Group Limited today announced that its board of directors has appointed Kenny Fihla, a senior financial services executive with 20 years of experience, as its new Group Chief Executive Officer, effective 17 June 2025, subject to regulatory approval. 

 

“Kenny is a recognised leader with substantial Pan-African banking experience, has relationships across the banking and financial ecosystem, and a proven track record to drive results in complex environments. The Board is confident that his leadership will further enhance Absa’s positive momentum and our ability to deliver meaningful value to our clients and stakeholders,” said Absa Board Chairman, Sello Moloko.  

 

He will succeed Interim GCEO Charles Russon.  Moloko added, “Charles has done an excellent job in leading the Group as interim GCEO over the past six months and will continue to do so until Kenny joins in June.  Charles demonstrated steady leadership, clear strategic focus and the ability to deliver results in a challenging operating environment. Charles Russon remains Interim Chief Executive Officer of Absa Group and Absa Bank until 16 June 2025.  Charles will partner closely with Kenny to ensure a smooth leadership transition whereafter he will take a key senior role within the Group Executive Committee.” 

 

“I am honoured to join and lead a team dedicated to making a positive impact across the continent. I look forward to working with Absa’s talented teams to build on the Group’s foundation. Together, we will drive forward-thinking strategies that meet our clients’ needs, empower our communities, and ensure long-term growth and success for the Group,” said Fihla.  

 

Fihla’s appointment has been made following an extensive recruitment and selection process completed by the Board. 

17 March 2025

Absa Group today announced the appointment of Kenny Fihla as its Group Chief Executive Officer (GCEO), effective 17 June 2025. 

Absa Group Limited today announced that its board of directors has appointed Kenny Fihla, a senior financial services executive with 20 years of experience, as its new Group Chief Executive Officer, effective 17 June 2025, subject to regulatory approval. 

 

“Kenny is a recognised leader with substantial Pan-African banking experience, has relationships across the banking and financial ecosystem, and a proven track record to drive results in complex environments. The Board is confident that his leadership will further enhance Absa’s positive momentum and our ability to deliver meaningful value to our clients and stakeholders,” said Absa Board Chairman, Sello Moloko.  

 

He will succeed Interim GCEO Charles Russon.  Moloko added, “Charles has done an excellent job in leading the Group as interim GCEO over the past six months and will continue to do so until Kenny joins in June.  Charles demonstrated steady leadership, clear strategic focus and the ability to deliver results in a challenging operating environment. Charles Russon remains Interim Chief Executive Officer of Absa Group and Absa Bank until 16 June 2025.  Charles will partner closely with Kenny to ensure a smooth leadership transition whereafter he will take a key senior role within the Group Executive Committee.” 

 

“I am honoured to join and lead a team dedicated to making a positive impact across the continent. I look forward to working with Absa’s talented teams to build on the Group’s foundation. Together, we will drive forward-thinking strategies that meet our clients’ needs, empower our communities, and ensure long-term growth and success for the Group,” said Fihla.  

 

Fihla’s appointment has been made following an extensive recruitment and selection process completed by the Board.