Former Capitec CEO Gerrie Fourie. Picture: Capitec Website Former Gerrie Fourie CEO is set to take on a new role at Capitec just months after stepping down from the top job. The biggest bank in Africa by customers said Fourie will begin his tenure as a non-executive director to the Capitec and Capitec Bank boards effective August 2026.
Capitec announced the news “in accordance with the JSE listings requirements and debt and specialist securities listings requirements”. Fourie led the bank for at least a decade and is part of the reason for Capitec’s success. He will assume his duties after the requisite one-year cooling-off period.
“Shareholders will be requested to confirm the appointment at the annual general meeting scheduled for 31 July 2026,” said the bank. “He brings deep institutional knowledge, strategic insight and extensive banking experience to the board, supporting effective oversight and continuity.” The bank said Fourie holds 26 years of experience in the financial services sector. He started his journey at Capitec in 2000 as head of operations, and was appointed CEO 14 years later.
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“He held the CEO role until his retirement in July 2025,” said Capitec. “In 2019, Fourie was named business leader of the year at the Sunday Times Top 100 Companies Awards.” Capitec said the appointment was made in accordance with the policy on the nomination of directors, which requires a fit and proper assessment of the nominee.
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