CEO change at RMB
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE ordinary share code: FSR; ISIN code: ZAE000066304
JSE B preference share code: FSRP; ISIN code: ZAE000060141
NSX ordinary share code: FST
(FirstRand or the group)
CEO CHANGE AT RMB
Shareholders are advised that after seven years as RMB CEO, Mr James Formby will hand over the role
to Ms Emmarentia (Emrie) Brown effective 1 October 2022, at which point, Ms Brown will become a
prescribed officer and join FirstRand’s strategic executive committee as the CEO of RMB.
FirstRand’s succession planning is focused on building talent pools that enable promotion from within,
thus ensuring strategic and operational continuity. Ms Brown began her career with RMB in 2001 and is
a long-standing member of RMB’s senior management team. Currently the head of RMB’s Banking
division, which represents the most significant portion of RMB’s total earnings, Ms Brown has extensive
experience in lending, advisory, corporate transactional and investment banking, and has built strong,
long-term client relationships.
FirstRand congratulates Ms Brown on her new role. The group is grateful to Mr Formby for his careful
and dedicated stewardship of RMB, which continued to deliver growth and returns to shareholders and
maintained its market leadership position in both South Africa and the broader African region. Mr Formby
has a number of options available to him within the broader group, which he is considering.
5 May 2022
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 05-05-2022 08:30:00
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