Capitec founder Riaan Stassen will be retiring as non-executive director

Santie Botha takes over from Capitec founder Riaan Stassen as non-executive director

The boards of Capitec and Capitec Bank have announced that Capitec Bank founder Riaan Stassen has decided to retire on 31 May. 

Riaan played an integral role in the establishment and success of the bank from 2001 until 2013, when he retired as CEO of Capitec and Capitec Bank. He continued to serve as non-executive chairman of the boards from 2016.

In a statement, the boards and management thanked Riaan for the significant role he played in the success of the Capitec group and wished him well in his retirement. “His commitment and steadfast leadership will be greatly missed,” it said. 

Santie Botha will be taking Riaan’s place on the boards as an independent non-executive director with effect from 1 June.

Her appointment will “strengthen the independent element of the boards and support the continuous drive to augment board acumen.”

Santie is the chairman of Curro Holdings and Famous Brands, and serves as a non-executive director on the board of Telkom as well as on the Advisory Council of the Africa Leadership University in Mauritius. 

She previously served as the chancellor of Nelson Mandela University, and served in various executive and non-executive roles for companies like Liberty Holdings, Imperial Holdings, Tiger Brands Holdings, MTN Group, Absa Bank and Unilever

She won a number of awards, including Top 100 Most Reputable Africans in 2018, 2010 Businesswoman of the Year from the Businesswomen’s Association of South Africa, Marketer of the Year in 2002 and Young Business Person of the Year in 1998.