Capitec’s CEO to retire – Here’s who’s taking Over!

Gerrie Fourie

Cape Town – Capitec CEO and co-founder Gerrie Fourie is set to retire in July 2025 after over two decades with the company.

He has been part of Capitec’s executive management team for 25 years, becoming CEO in 2014.

Under his leadership, Capitec grew from a small bank with 55 branches and 25,000 clients to a major player with over 24 million clients and nearly 900 branches.

“It has been an extraordinary privilege to lead Capitec through a period of tremendous growth and transformation – from a challenger bank serving 5 million clients in 2014, to South Africa’s leading digital bank and a diversified financial services provider trusted by over 24 million personal and business clients,” Fourie said in as statement on LinkedIn.

He emphasised the growth and innovation during his tenure, fostering a strong leadership team for future success.

Fourie will be succeeded by Graham Lee, who has been with Capitec since 2003 and held various strategic roles.

“To ensure a smooth and thoughtful handover, I will remain fully engaged until July. After that, I’m pleased to share that Graham Lee will step into the role of CEO. Graham has been with Capitec since 2003 and currently leads our personal bank division. His leadership, deep understanding of our business, and values-driven approach make him the ideal person to take us into the future,” he said.

Lee, with over 25 years of experience, will take over as CEO on 19 July 2025.

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