Safaricom has appointed John Ngumi as a director and also chairman of the firm's board replacing Michael Joseph.
Ngumi has over 35 years experience in banking having worked with both local and international corporates that have an East African regional presence and state-owned corporations.
While confirming the appointment, Safaricom chief executive officer Peter Ndegwa said Mr Joseph takes over from August 1, 2022 with the aim of drawing from his plethora of experience spanning from private to government enterprises.
“He is a seasoned director having drawn his experience in both private and state-owned enterprises. For the latter, he is best known as the inaugural Board Chairman at Konza technopolis Development Authority and as an extremely active and effective board Chair at Kenya Pipeline Company Limited.”
Mr Ngumi, currently serves in the board of Kenya Airways PLC, chairman at the Industrial and Commercial Development Corporation (ICDC) which is leading the effort to implement the Kenya Transport and logistics Network that is incorporates Kenya ports Authority, Kenya Pipeline Company Limited and Kenya Railways Corporation.
The outgoing chairman Michael Joseph was the first Safaricom CEO from July 2000 when the company was re-launched as a joint venture between Vodafone UK and Telkom Kenya until his retirement in November 2010.
He would come back as a interim CEO after the death of Bob Collymore as the firm embarked on a recruiting a substantial CEO.
During his tenure, Mr Joseph steered the company from a subscriber base of less than 20,000 to over 16.71 million subscribers.
The Board has also announced the resignation of company secretary Mr Sitholizwe Mdlalose with effect from August 1, 2022.
"We take this opportunity to thank Sitho for his service, dedication, sound advice and commitment to the Company with particular reference to his invaluable contributions at the Board Audit, Risk and Compliance Committee," Safaricom added.
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