Nedbank Group announces board and committee changes

Nedbank Group and Nedbank Limited have announced changes to their Boards of Directors and Board Committees as part of a succession and continuity plan.

Effective October 1, 2026, Neo Dongwana and Linda Makalima will be reclassified as Non-Independent Non-Executive Directors following more than nine years of service on the boards. This follows the planned retirements of Dongwana, Stanley Subramoney, and Makalima at the conclusion of the annual general meeting scheduled for May 21, 2027.

Additionally, several committee leadership and membership changes will take effect on October 1, 2026. Mary Bomela will become the Chairperson of the Group Audit Committee, replacing Neo Dongwana. Oliver Fortuin will join the committee as a member. Natasha Davydova and George Njenga have been appointed to the Group Risk and Capital Management Committee.