The vehicle and asset solutions division of FirstRand Bank has announced that Ghana Msibi, who is the current CEO of WesBank’s motor retail division, will take over the leadership of WesBank from De Kock.

De Kock has held the role of CEO of WesBank since September 2013.

He has almost 35 years in the business after joining WesBank in 1987 and prior to being appointed WesBank CEO, he was executive head of sales and marketing at WesBank.

WesBank said although De Kock will retire as WesBank CEO effective 30 June 2022, he will remain with the FirstRand group for the next 12 months to ensure a seamless handover and finalise a number of strategic projects currently underway.

Msibi, who has been with WesBank for the past seven years, said he is excited to step up and lead WesBank.

“It’s a very special business, with passionate people and high quality, long-standing partnerships.

“It’s a privilege to take over from Chris,” he said.

Reflecting on his imminent retirement, De Kock said it was time to hand over the reins to the next generation of leadership.

“I am very proud of the business we have collectively built over the years.

“WesBank is a market leader in vehicle and asset finance with an unparalleled portfolio of partnerships.

“Our unique model has allowed us to deliver a long track record of growth and returns to the shareholders of WesBank’s parent, FirstRand Limited.

“I am pleased that Ghana has agreed to take on this role, and I have every confidence that he will make it a great success of it,” he said.