CEO career was a baptism of fire that saw him pit his still-green corporate wits against those of the more experienced Richard Laubscher. Had Nedbank succeeded i n t aking over Standard Bank, his career would likely have taken a very different path.
Standard Bank was trading around 2100c when Maree took over and last week traded around 11800c. The dividend is up nearly seven times and the group’s value rose more than sixfold in the ensuing decade.
After seeing off Nedbank, Maree and his hand- picked band of executives restored the dignity and reputation of the group, entrenching it in South Africa