Nearly one year after stepping down as Chief Executive Officer, Gerrie Fourie is rejoining Capitec—this time as a non-executive director of the company’s board.
Fourie, who retired from the top job in mid-2025, will officially take up his new position on 1 August 2026, following the mandatory one-year cooling-off period. His appointment is subject to shareholder confirmation at the bank’s upcoming Annual General Meeting (AGM) at the end of July 2026.
Fourie had been with Capitec since its inception as part of the founding management team and served as CEO from 2014.
Under his leadership, the bank grew into one of South Africa’s most formidable financial institutions, amassing nearly 26 million clients.
He retired from the CEO role on 18 July 2025 during Capitec’s AGM, with Graham Lee named as his successor.
“The boards are pleased to have Gerrie return to Capitec,” the company said, referring to the boards of both Capitec Bank and Capitec Holdings. “He brings deep institutional knowledge, strategic insight and extensive banking experience to the board, supporting effective oversight and continuity.”
Since leaving the helm at Capitec, Fourie has also taken on a board position at private education provider STADIO, where he said he is honoured to contribute to the organisation’s mission of widening access to higher education in South Africa.
“I’ve long believed in the transformative power of education to unlock opportunity,” Fourie said. “I’m honoured to contribute to STADIO’s vision of broadening access to higher learning and building a sustainable, student-focused organisation.”
Capitec said it expects Fourie’s return to provide valuable continuity and strategic insight as the bank moves forward under Lee’s leadership.