Absa deputy CEO Peter Matlare passes away from Covid-19 complications

Peter played an integral role as the deputy CEO of Absa, including overseeing its separation from Barclays.

Absa deputy CEO and head of Africa regional operations Peter Matlare passed away from complications related to Covid-19 on Sunday.

A family statement issued through the banking group said:

“Peter was a consummate professional, who made an immense contribution to business in SA and across the African continent. He was passionate about transforming businesses, and believed deeply in the potential of Africa. He also created opportunities for dozens of young managers and professionals to expand their horizons in the businesses he led.”

Peter was appointed a non-executive director of Absa in 2011 and was appointed as deputy CEO in August 2016. He was responsible for overseeing the separation of Absa and Barclays and was integral to forming new partnerships for the group.

Before joining Absa, Peter served as the CEO of Tiger Brands for just over seven years. Prior to that, he served as the chief strategy and business development officer for Vodacom, and as the CEO of SABC from 2001 to 2005.