Absa Group has appointed Kenny Fihla, a senior financial services executive with 20 years of experience, as its new Group Chief Executive Officer (GCEO), effective 17 June 2025, pending regulatory approval.
“Kenny is a recognised leader with substantial Pan-African banking experience, strong relationships across the financial ecosystem, and a proven ability to drive results in complex environments. The Board is confident that his leadership will further strengthen Absa’s momentum and enhance the value we deliver to our clients and stakeholders,” said Absa Board Chairman, Sello Moloko.
Fihla will succeed Interim GCEO Charles Russon. Moloko praised Russon’s leadership, stating, “Charles has done an excellent job leading the Group over the past six months as Interim GCEO. He has demonstrated steady leadership, strategic clarity, and the ability to deliver results in a challenging operating environment. He will remain in his role until 16 June 2025 and will work closely with Kenny to ensure a smooth leadership transition. Thereafter, Charles will take on a key senior role within the Group Executive Committee.”
Expressing his enthusiasm for the role, Fihla stated, “I am honoured to join and lead a team dedicated to making a positive impact across the continent. I look forward to working with Absa’s talented teams to build on the Group’s strong foundation. Together, we will drive forward-thinking strategies that meet our clients’ needs, empower our communities, and ensure long-term growth and success for the Group.”
Fihla’s appointment follows an extensive recruitment and selection process conducted by the Board.
