Capitec Bank Holdings Limited announced that the boards of Capitec and Capitec Bank announced that Riaan Stassen, one of the founders of Capitec Bank, has decided to retire. Riaan played an integral role in the establishment and success of the bank from 2001 to 2013 when he retired as chief executive officer of Capitec and Capitec Bank. Riaan served as non-executive chairman of the boards from 2016 and will retire on 31 May 2019. The boards and management thank and honour Riaan for the significant role he played in the success of the Capitec group and wish him well in his retirement. His commitment and steadfast leadership will be greatly missed. The boards are delighted to advise that Ms. Santie Botha has agreed to join the boards. Santie's appointment will strengthen the independent element of the boards and support the continuous drive to augment board acumen. Santie's appointment will be effective 1 June 2019. She will take over as chairman of the boards from Riaan. Santie is the chairman of Curro Holdings and Famous Brands. She serves as a non-executive director on the board of Telkom. She serves on the Advisory Council of the Africa Leadership University, Mauritius. Previous positions include chancellor of Nelson Mandela University (2011-2017), non-executive director of Liberty Holdings (2013-2019) Imperial Holdings (2011-2013).