Mangale steps down from Absa board

Alpheus Mangale has resigned from his position as an independent non-executive director of Absa Group, citing personal reasons and future commitments. The resignation notice to Absa shareholders reveals that Mangale will step down from the board in line with JSE listing requirements. He remains on special leave from Seacom, where he serves as group CEO, pending an investigation into certain undisclosed details.

Seacom's CFO, Charl Slabbert, has been appointed as interim CEO during Mangale's absence. The board of Absa expresses gratitude for Mangale's contribution to the board since his joining in July 2023 and wishes him well in his future endeavors. Following his departure, Mangale will also relinquish his roles on Absa's Group Risk and Capital Management Committee, Remuneration Committee, and Information Technology Committee.

Mangale joined Absa's board of directors in July 2023 and served in that capacity until his resignation. He became Seacom's group CEO on April 1, 2023, taking over from Oliver Fortuin. Prior to his role at Seacom, Mangale held significant positions at Standard Bank, where he was group chief engineering officer, and at Dimension Data, now part of NTT, where he held various senior leadership roles, including chief technology officer and chief operating officer.