Arrie Rautenbach Wife, Salary, Net Worth, Family, Qualifications, Absa CEO

Arrie Rautenbach Biography – Arrie Rautenbach Wiki

Arrie Rautenbach is a South African businessman and banker. He is the chief executive officer (CEO) of Absa Group. Arrie was appointed as Group Chief Executive Officer (CEO) and Executive Director of Absa Group and Absa Bank, effective from 29 March 2022. He was previously the Chief Executive: Retail and Business Banking South Africa.

He is a member of the Group Risk and Capital Management Committee (GRCMC), Group Credit Risk Committee (GCRC), Social, Sustainability and Ethics Committee (SSEC), and Information Technology Committee (ITC) .

With more than 25 years banking experience, Arrie previously served as the Group’s Chief Risk Officer simultaneously providing executive leadership for the Group Separation Program and Group Strategy Office.

His earlier roles within the Group included a number of leadership positions such as the Head of Retail Banking in South Africa, Managing Executive of Absa Card and Head of Absa’s Distribution portfolio.

Arrie has contributed to the industry through his board executive membership of the Banking Association of South Africa (BASA) and board memberships of Ford Financial Services (Pty) Limited and Woolworths Financial Services (Pty) Limited. He has also been a director of Absa Financial Services Limited.

Arrie Rautenbach Age

Arnold (Arrie) Rautenbach was born on 27 March 1965 in South Africa.

Arrie Rautenbach Wife

Rautenbach hasn’t discussed his marital status in public. Details about his family are scant.

Arrie Rautenbach Salary

Absa Group CEO Arrie Rautenbach earned R40.03 million in the 2023/24 financial year, a R4.75 million decline from his 2022 remuneration of R44.78 million. Rautenbach’s cost to company for 2023 can be broken down in the following sections: A fixed salary of R9.79 million; a cash incentive of R6.8 million; a deferred award of R5.8 million; and a performance award vested of R17 million. The Absa CEO’s total earnings of around R40 million, therefore means he earned around R109,685 a day in 2023.

Arrie Rautenbach Net Worth

ABSA’s Arrie Rautenbach has an estimated net worth of R20 million in 2024.

Arrie Rautenbach Qualifications

He holds a Bachelors in Business Administration (cum laude) and Masters in Business Administration from the University of North-West: Potchefstroom. He has also participated in an Advanced Management Programme at INSEAD. Within Absa, he completed the Absa Development Initiative (ADI) programme.

Absa Group CEO Arrie Rautenbach

Absa Group announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective from 29 March 2022.

Wendy Lucas-Bull, outgoing Absa Group Chairman, said: “On behalf of the Board, I am delighted to announce the appointment of Arrie as our Group CEO. I am confident that his leadership will provide the continuity and stability necessary to consolidate our purpose and strategy. I know that the Group is in good hands under Arrie’s executive leadership as I hand over the reins of the Board Chairmanship to Sello, who takes over on 1 April 2022. I would like to thank Jason and Punki for their significant contributions as Interim Group CEO and Interim Financial Director, respectively, during which time the Group’s positive operational momentum was maintained. I am pleased to be handing over the Chairmanship to Sello, with the Group in very good shape, having delivered record results for 2021 and with strong capital and liquidity ratios.”

Arrie said: “I am humbled and honoured to lead Absa during challenging conditions locally and internationally. I am excited at the prospect of working with a talented and diverse team, leading an outstanding business that is positioned to seize the many opportunities that lie ahead. I look forward to working with the Board and the Executive in consolidating our strategy and performance, driving organisational and cultural transformation, and delivering financial and social value for all our stakeholders, and sustainable future growth and returns for Absa and its shareholders.”