RMB Holdings' Herman Bosman steps down from FirstRand board

Herman will be stepping down as RMH completes the unbundling of its shares in FirstRand Bank.

RMB Holdings (RMH) has announced that its CEO and CFO Herman Bosman will be stepping down from the various boards of FirstRand at the end of June. His stepping down will coincide with the completion of the unbundling of RMH’s 34 percent stake in FirstRand. 

Read more: RMB Holdings receives green light to unbundle its entire stake in FirstRand Bank 

About his stepping down, Herman, who is also a CFO Awards judge, says: 

“I will continue in my roles as CEO and CFO of both RMB Holdings and RMI Holdings… I served on the FirstRand board as a representative of RMB Holdings and as that stake in FirstRand will be unbundled at the end of the month, it is natural for me to step off the FirstRand board.” 

While he’ll be stepping down from the FirstRand board, it was also announced on 2 June that Herman has been appointed as the chairman of OUTsurance.