FirstRand Names Lytania Johnson FNB CEO in Leadership Shakeup

FirstRand Ltd. restructured its business and announced leadership changes as Africa’s biggest lender by market value seeks to position itself as South Africa’s most profitable retail and commercial bank.

It appointed Lytania Johnson as the new chief executive officer of its biggest unit, First National Bank, effective April 1. Johnson, who heads FNB’s personal banking subsegment, will replace Harry Kellan, who is taking early retirement at the end of the year.