Finweek English Edition - - COMPANIES & INVESTMENTS -

MBA stu­dents in search of a busi­ness case-study could do worse than dis­sect the ca­reer (so far) of out­go­ing FNB CEO Michael Jor­daan. Jor­daan has ex­hib­ited a rare skill in the 21st cen­tury busi­ness world. He’s achieved ex­tra­or­di­nary per­sonal suc­cess at the ten­der age of 45, while as a high-pro­file banker, has re­mained pop­u­lar, has run a good busi­ness well achiev­ing com­pound growth rates of 15%, and all-the-while has suc­ceeded in con­vinc­ing his cus­tomers that his strat­egy is in their best in­ter­ests.

Jor­daan i s ex­cru­ci­at­ingly mod­est about his achieve­ments as he pre­pares to em­bark on an early grey gap year. Un­like other busi­ness lead­ers, among t hem Koos Bekker and more re­cently Jo­hann Ru­pert who em­barked on late ca­reer in­spi­ra­tion seek­ing, g, Jor­daan J is do­ing g it early y on i n his work­ing l i fe. As we pointed nted out i n our 2011 cover r story All a Twit­ter on the changes he brought at FNB, B, noth­ing in Jor­daan’s pro­fes­sional es­sional life hap­pens by ac­ci­dent. cci­dent.

There here is a big­ger back­story y here. Time, no doubt, will re­veal all.

He’s play­ing down any plans he might have with a char­ac­ter­is­tic: tic: “I need to fo­cus s on the han­dover be­fore I can re­ally y think about what t I want to do.” Forty-one y-one year-old Jac­ques ues Cil l i ers, who has worked with Jor­daan for the past decade, wil l grad­u­ally ually take over his re­spon­si­bil­i­ties on­si­bil­i­ties be­fore as­sum­ing ming the role at the end nd of the year.

Un­like nlike most 45-yearolds, Jor­daan can af­ford to take ke time out. That’s

Michael Jor­daan

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