Barry Hore, the technologist who has led Discovery Bank since its inception, is stepping down. Long-serving Discovery executive Hylton Kallner will replace him on 1 January.
By Reuters Staff
(Corrects 1st paragraph to 2021 not 2020)
JOHANNESBURG, Dec 10 (Reuters) - South Africa’s biggest health insurer Discovery said on Thursday Barry Hore would step down as chief executive officer of Discovery Bank and would be replaced by the head of its local business, Hylton Kallner, from Jan. 1, 2021.
Over the past five years, Hore has led the building of the digital bank from the ground up, culminating in a public launch in 2019 and a migration of all Discovery card accounts from FirstRand Bank Limited to Discovery Bank.
“His unique combination of deep banking and technology experience has been instrumental in establishing a strong operational capability and cutting-edge digital customer proposition,” Discovery Group Chief Executive Adrian Gore said.