BL Premium reports that Graham Lee has officially begun his tenure as Capitec CEO, after the lender’s mainstay executive Gerrie Fourie bid the group farewell at the AGM held on Friday.

Fourie will still be involved in rolling out the company’s strategy, particularly its international expansion ambitions. The bank, under Fourie, has grown from a microlender to a diversified financial services group, increasingly attracting high- income earners. “The most I have learnt in the 25 years with the bank is working with clients and asking them questions about our products. A lot of strategies have been developed by feedback and insights we got from clients,” Fourie said, before reflecting on what Lee brought to the CEO office. He added that what was important was to have passion for people. Fourie, who became emotional at the end of his speech as he thanked his family, including his wife, father and two sisters who were in attendance, has been the group’s CEO for 11 years, a period that has seen exponential growth.

• Read the full original of the report in the above regard by Kabelo Khumalo at BusinessLive (subscriber access only)

Get other news reports at the SA LabourNews home page