TymeBank announces new CEO as it eyes public listing

Digital banking group TymeBank has announced the appointment of Karl Westvig as its new Chief Executive Officer.

The bank’s current CEO, Coenraad Jonker, will turn his full attention to his role as Executive Chairman of Tyme Group. The changes are effective 1 October 2024.

TymeBank Chairman Thabani Jali said the group is on course to reach 10 million customers this year and the time is right to “redeploy key executives into positions that will best serve both TymeBank and the Group”.

“Jonker’s contribution to TymeBank’s growth story so far makes him the ideal person to lead Tyme Group into the next growth phase in preparation for a public listing, and the board has full confidence that Westvig can build on his accomplishments and help us to further grow market share in South Africa.”

By Staff Writer.

Full story at Business Tech.