WesBank CEO, Chris de Kock, has decided to retire at the end of June.
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.
BMW believes its fortunes in China will turn around with the introduction of its revolutionary Neue Klasse electric vehicle series, which took a major step forward this week with the launch of its first model.
Tata’s passenger vehicles made a return to the South African market with some interesting models. Let’s take a closer look at what is available and at what price.
South Africa will leverage the Intra-African Trade Fair (IATF) 2025 in Algiers, Algeria, from 4 to 10 September to cement its position as Africa's automotive manufacturing leader.
Advertisement
Advertisement
I have bad reflexes. I was once run over by a car being pushed by two guys
Woody Allen
South Africa will leverage the Intra-African Trade Fair (IATF) 2025 in Algiers, Algeria, from 4 to 10 September to cement its position as Africa's automotive manufacturing leader.
According to a Reuters report, China's automotive sector faces an unprecedented crisis beneath its outward success. Despite becoming the world's largest car exporter and producing global leaders like BYD and Geely, the industry is trapped in a destructive spiral threatening widespread bankruptcies.
Europe's automotive industry has issued a unified call for the European Union (EU) to recalibrate its green transition strategy, with leading manufacturers and suppliers expressing growing concerns about the feasibility of current electrification timelines and regulatory frameworks.
