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NEDBANK GROUP LIMITED - Nedbank Group Limited and Nedbank Limited - Changes to the boards of directors

Release Date: 13/05/2019 14:30
Code(s): NED NBKP     PDF:  
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Nedbank Group Limited and Nedbank Limited - Changes to the boards of directors

(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
(‘Nedbank Group’ or ‘the Group’)

(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN: ZAE000043667


The boards of Nedbank Group and Nedbank (‘the Companies’) are pleased to announce the
appointment of Professor Tshilidzi Marwala as an independent non-executive director with effect from
27 May 2019.

In terms of the Nedbank Group Board Continuity Programme, the boards of the Companies had
previously identified the need to strengthen its Cyber, Digital, Technology and Innovation skills.
Having followed a very detailed and comprehensive succession process, the boards concluded that
Professor Marwala’s skills and experience in the aforementioned areas would be of great benefit.

Professor Marwala is an accomplished scholar with multi-disciplinary research interests that include
the theory and application of artificial intelligence to engineering, computer science, finance, social
science and medicine. He has an extensive track record in human capacity development and has
published 15 books in artificial intelligence. Professor Marwala is the Vice Chancellor and Principal of
the University of Johannesburg and prior to this he was the Deputy Vice Chancellor for Research and
Internationalisation and Executive Dean of Engineering and the Built Environment both at the
University of Johannesburg. He was recently appointed as Deputy Chair of the Presidential
Commission on the Fourth Industrial Revolution.

Vassi Naidoo, Chairman of Nedbank Group, welcomed Prof Marwala to the boards and said: ‘We look
forward to Tshilidzi’s contribution on the Boards, and his extensive experience in IT will greatly
complement Nedbank Group’s strategic push in digital across our businesses’.

13 May 2019

Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank CIB

Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd

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