Former Capitec CEO Gerrie Fourie gets a new job at the bank

Former Capitec CEO Gerrie Fourie has been appointed as a non-executive director of the company’s board following his retirement from the top job in mid-2025.

Fourie had been with Capitec since the beginning as a part of its founding management team and has led the bank as its CEO since 2014.

Under Fourie’s leadership, Capitec has become one of the most formidable banks in the country, with nearly 26 million clients.

On 18 July 2025, at Capitec’s Annual General Meeting (AGM), Fourie retired from the CEO position and was succeeded by Graham Lee.

On Wednesday, 29 April 2026, Capitec announced that Fourie will join the bank’s board as a non-executive director starting 1 August 2026.

Fourie’s appointment will follow the prerequisite one-year cooling-off period, with shareholders requested to confirm it at the bank’s upcoming AGM at the end of July 2026.

“The boards are pleased to have Gerrie return to Capitec,” the company said, referring to the boards of both Capitec Bank and Capitec Holdings. 

“He brings deep institutional knowledge, strategic insight and extensive banking experience to the board, supporting effective oversight and continuity.”

Since retiring from Capitec’s helm, Fourie has also taken on a board position at private education provider STADIO.

The company said Fourie would support STADIO as it advances its mission to widen access to higher education in South Africa and progress toward its strategic ambition of serving 100,000 students.

“I’ve long believed in the transformative power of education to unlock opportunity. I’m honoured to contribute to STADIO’s vision of broadening access to higher learning and building a sustainable, student-focused organisation,” Fourie said.