Michael Jordaan won plaudits for his time at the helm of First National Bank. When he said earlier this year that he'd be stepping down from his role as FNB CEO, he said he might be interested in getting involved with "innovation technology".
On Monday, he announced his first post-FNB role: as the new chairman of the board of directors for cellphone-based social network Mxit. REBECCA DAVIS asked Jordaan what he had in mind for the position.
In May, Michael Jordaan announced that after ten years as CEO of FNB, the time had come for him to step down as of the end of 2013. Jordaan indicated that the commute between his Johannesburg office and his family home in the Western Cape had taken his toll, and that he wanted more time to spend with his family, and to travel. At the time, he said that he would still be interested in getting involved with the entrepreneurial space in some capacity.
Jordaan stressed, however, that his future ventures would not be in the financial sphere, because he would not compete against his "spiritual home" of FNB and FirstRand.
His first post-FNB project has now been confirmed: Jordaan will join Stellenbosch-based...