Black business supports new Absa chair

Black Business Council says Wendy Lucas-Bull is the best person to lead Absa Group and Absa Bank.

Newly appointed ABSA chairwoman Wendy Lucas-Bull. Picture:

JOHANNESBURG - The Black Business Council (BBC) on Tuesday said it supported the appointment of Wendy Lucas-Bull as new ABSA non-executive chairwoman, because while she is a white woman, she will push transformation forward.

The banking group announced on Monday that she would take over the job.

Chief executive Sandile Zungu said the council would support anyone who believed in transformation no matter who they were.

"We think she is the best person for the job".

Lucas-Bull, who will succeed Garth Griffin, will lead the Absa Group and Absa Bank.

Griffin will retire at the end of March, after serving on the board for 11 years and as chairman for two years.