One of the wealthiest CEOs in SA, Investec CEO Stephen Koseff says the board must decide when he should step down. But though he believes the company culture is so well embedded that the bank will survive without him, letting go won’t be easy. On the other hand some think Investec has become stale and that now, in the wake of its successful cleanup, would be a good time to name a new CEO.
Koseff remains, at least for now, the larger-than-life leader of Investec with no obvious successor waiting in the wings. He is himself “embedded” in a way that will make it difficult to hand over to Investec’s next leader.