Graham Lee Succeeds Gerrie Fourie as CEO of South Africa's Capitec Bank

Graham Lee has assumed the role of chief executive officer at Capitec Bank, the South African retail lender, succeeding Gerrie Fourie, who retired after more than 11 years at the helm. Lee's appointment took effect on 19 July 2025, the day after Capitec's annual general meeting.

Fourie had led Capitec since 2014.

LEE'S BACKGROUND AND PREPARATION FOR THE ROLE

Lee has served as a member of the Group Executive Committee since 2022. Most recently, Lee served as group executive responsible for the personal bank division.

INTERNATIONAL BUSINESS

Capitec's banking franchise remains focused on South Africa, although in 2024 it moved to take a controlling stake in AvaFin, an international online consumer lender. Fourie said he would stay on at Capitec for another year to assist the incoming leadership team.