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.
With the launch of what is believed to be the first South African app in ChatGPT, Naked is signalling how AI assistants could reshape financial services.
Lexus has introduced the all new TZ, a fully electric three row SUV that marks a significant step in the brand’s electrification strategy.
Ford South Africa will expand its Everest line-up in late 2026 with the arrival of the Everest Tremor. This new variant is positioned as a more off-road capable model, building on the success of the Ranger Tremor while retaining the refinement expected from the Everest range.
Advertisement
Advertisement
You can't buy happiness but you can buy cars and that's kind of the same thing.
Unknown
With the launch of what is believed to be the first South African app in ChatGPT, Naked is signalling how AI assistants could reshape financial services.
Mazda Southern Africa has promoted Kyron Pather to Head of Operations (Sales & Service). The appointment strengthens the company's operational leadership as it looks to improve performance across its dealer network and aftersales business.
Nampo Harvest Day near Bothaville in the Free State has always been the place where South Africa’s farming community gathers to see the latest machinery and, importantly, new bakkies.
