Absa Board Chairman, Mr. Oduetse Motshidisi
Absa Board Chairman, Mr. Oduetse Motshidisi|Source: Absa Bank Botswana
Press Releases (Absa Bank Botswana)

Absa Announce Board Chairman, Mr. Oduetse Motshidisi, Resigns

By Ngaka Sephuma

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12 August 2020

Botswana – Absa Bank Botswana Board Chairman, Mr. Oduetse Andrew Motshidisi, has resigned as a member and Chairman of the Board of Absa Bank Botswana. Oduetse Motshidisi joined the Board in August 2016 and was appointed Chairman in July 2017. He played a significant role in positioning Absa Bank Botswana as a leading financial institution as well as overseeing the transformation from Barclays to Absa. He leaves the bank after having achieved excellent financial results for the year ended 31 December 2019. “It has been my greatest privilege to serve alongside Absa Bank colleagues for the past four years.

Their compassion, integrity, and commitment to customers are what makes Absa such an extraordinary institution, and I am proud to have been part of its history. I have confidence in the Board and Absa employees, and I believe that Absa’s best days are yet to come, which is an exciting prospect for customers and shareholders alike,” said Motshidisi. Following Mr Motshidisi’s resignation, the Board of Directors of Absa Bank has resolved to appoint Mr Alfred Majaye Dube as interim Chairman of the Board, effective 13 August 2020.

Mr Dube was appointed to the Board in November 2009 and has served on, and chaired, various Committees of the Board including the Risk Committee, Credit Committee and the Human Resources, Nomination and Remunerations Committee. The Board had already initiated the process of appointing a substantive Chairperson following Mr Motshidisi’s earlier announcement of his intention to resign towards the end of the year. Mr Dube stated, “I am honoured and humbled, that my colleagues have resolved to appoint me as interim Chairman of the Board. It will be my privilege to continue to serve this institution that I have been associated with for all these years. While the COVID-19 pandemic presents a more challenging environment, there is an opportunity for us to show that we live up to our purpose - bringing possibility to life.” Mr. Motshidisi leaves Absa with a strong Board composition, a capable and experienced Country Management Committee and highly engaged and motivated Absa employees under the guidance of the Managing Director, Ms. Keabetswe Pheko-Moshagane.

“I want to thank Mr. Motshidisi for his unwavering dedication to Absa over the past four years, especially during the brand and name transition. As a result of his unrelenting focus on culture, creating value and developing talent, Absa has become a stronger and more stable institution. His leadership and counsel have been instrumental to the bank,” said Pheko-Moshagane.

ENDS.

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