Absa Bank Kenya CEO managing director has Stepped down to pursue a new career opportunity outside the Group.
In a statement on Thursday, Absa's Board of directors said Jeremy will be leaving the bank on October 31. He has served under the CEO position for almost 10 years, since June 2013.
The Board has already initiated the process of identifying a successor.
"Jeremy has been instrumental in driving significant growth and transformation of our business over the past decade and under his outstanding leadership, Absa Bank Kenya PLC has evolved into a modern-day business," Charles Muchene, chairman of the Board said.
On his part, Jeremy reiterated his confidence in the bank's future noting that it will scale greater heights even as he exists.
"I am honored to have led Absa Kenya in making a difference in our society while achieving significant commercial milestones over the past decade," Jeremy said.
"I thank the Board of Absa Kenya PLC and Absa Group for the opportunity and pay special tribute to Absa Kenya staff and customers for the honor to serve."
Before joining Absa, Jeremy was the CEO of Standard Chartered Tanzania. from 2008 until 2013.
