{"id":588954,"date":"2025-03-28T08:58:20","date_gmt":"2025-03-28T06:58:20","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=588954"},"modified":"2025-03-28T09:09:47","modified_gmt":"2025-03-28T07:09:47","slug":"capitec-ceo-steps-down","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/banking\/588954-capitec-ceo-steps-down.html","title":{"rendered":"Capitec CEO steps down"},"content":{"rendered":"\n

Capitec has announced that CEO Gerrie Fourie will retire at the bank’s annual general meeting to be held on 18 July 2025.<\/p>\n\n\n\n

Fourie has been part of the executive management team for the past 25 years. Under his stewardship as CEO, Capitec transformed from a challenger bank serving 5 million clients to one of the “Big 5” serving over 24 million clients.<\/p>\n\n\n\n

Fourie is a founding member of Capitec and served as its head of operations when the bank launched in 2001.<\/p>\n\n\n\n

He started his career in the financial department at Stellenbosch Farmers’ Winery in 1987, before being appointed as the area general manager of KwaZulu-Natal and, later, Gauteng.<\/p>\n\n\n\n

Fourie has been Capitec’s Group CEO since 2014 after co-founder Riaan Stassen departed the company in 2013.<\/p>\n\n\n\n

In addition to leading the bank, Fourier served on the Mastercard Middle East and Africa advisory board and the board of Avafin.<\/p>\n\n\n\n

Under Fourie’s leadership, Capitec’s executive structure was expanded to establish divisional executive teams responsible for the retail bank, business bank, insurance company and strategic initiatives.<\/p>\n\n\n\n

This created a strong senior leadership team enriched with expertise, experience, and deep institutional knowledge as a pool to draw a successor from, the bank said.<\/p>\n\n\n\n

Capitec chairman Santie Botha commended Fourie for his exceptional leadership and strategic vision.<\/p>\n\n\n\n

The Capitec board thanked Fourie on behalf of all stakeholders for his unwavering dedication and the transformative impact that he has had on Capitec.<\/p>\n\n\n\n

Capitec’s board also announced that Graham Lee will succeed Fourie on 19 July 2025. Lee is 50 years old and has been a member of the group executive team since 2022. <\/p>\n\n\n\n

Lee joined Capitec in 2003 and has held numerous strategic positions in credit, technology and data, retail operations, and most recently, as Group Executive of the Retail Bank division.<\/p>\n\n\n\n

Fourie and Lee will continue to work closely together over the next four months to ensure a smooth transition.<\/p>\n\n\n\n

Lee will join the Capitec and Capitec Bank Boards effective 19 July 2025.<\/p>\n\n\n\n

Graham Lee \u2014\u00a0new Capitec CEO<\/h2>\n\n\n\n
\"\"
Graham Lee<\/figcaption><\/figure>\n\n\n\n

Lee holds BBusSci (Hons) and MBA degrees and is a Chartered Management Accountant. He has over 25 years of working experience in various financial and technology businesses in 5 different countries: Zimbabwe, United Kingdom, Australia and Nigeria, in addition to South Africa.<\/p>\n\n\n\n

Lee began his career in investment banking in Zimbabwe in 1997 before continuing in London with Morgan Stanley International.<\/p>\n\n\n\n

His career outside of Capitec includes financial software development and data analytics in Australia and leading a micro-finance bank in Nigeria. He also lectured part-time for the MBA programme of the University of Stellenbosch Business School.<\/p>\n","protected":false},"excerpt":{"rendered":"

Capitec CEO Gerrie Fourie is retiring, and the bank has announced his successor. <\/p>\n","protected":false},"author":15,"featured_media":509592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10106],"tags":[5334,66310,99332],"class_list":["post-588954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-capitec","tag-gerrie-fourie","tag-graham-lee"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/588954"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=588954"}],"version-history":[{"count":3,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/588954\/revisions"}],"predecessor-version":[{"id":588960,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/588954\/revisions\/588960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/509592"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=588954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=588954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=588954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}