Nedbank Group Limited and Nedbank Limited announced that Prof. Tshilidzi Marwala will step down as an independent non-executive director of Nedbank Group and Nedbank in 2023 (and therefore as a member of the Group IT Committee, Group Climate Resilience Committee, and Group Transformation, Social and Ethics Committee). Tshilidzi, who is the Vice Chancellor and Principal of the University of Johannesburg and Deputy Chair of the Presidential Commission on the Fourth Industrial Revolution, was recently appointed by the United Nations as the next Rector of the United Nations University headquartered in Tokyo. Nedbank Group and Nedbank noted that Prof. Marwala's resignation was being accepted with regret.