Safaricom board chairman John Ngumi resigns

John Ngumi ,the  board chairman   of  Safaricom has resigned six months after he was appointed by the  Telco in a  transfer seen to align the agency with the Kenya Kwanza administration.

The telco on Thursday introduced  the resignation of Mr Ngumi, as a director of the corporate and chairman from December 22.

Safaricom mentioned in a press release “He has steered the corporate by means of a normal election and supported the entrenchment of our function of remodeling lives by means of our services and products in addition to inside the communities we serve.”

The Telco didn’t title a successor, nevertheless,it indicated that the brand new chairman might be elected by the board within the coming weeks.

Mr Ngumi  was a   shut ally of   the previous President Uhuru  Kenyatta   and has served as chairman  in lots of parastatals, such  as  the  Industrial & Industrial Improvement Company (ICDC)  which was in control of the Kenya Transport & Logistics Community that had Kenya Ports Authority, Kenya Pipeline Firm Restricted and Kenya Railways Company. He additionally served on the board of Kenya Airways.

The Kenya Kwanza administration intends to make use of Safaricom to assist its Hustler Fund mortgage programme in addition to the fertiliser distribution plan.

Earlier than   becoming a member of Safaricom,Mr Ngumi was the chair of the board of the Industrial and Industrial Improvement Company (ICDC) and in addition served in an identical capability on the inaugural Board of Konza Technopolis Improvement Authority (KOTDA) and has served because the Board Chair on the Kenya Pipeline Firm Restricted (KPC).

Safaricom additionally introduced the appointment of Adil Arshed Khawaja, an advocate of the Excessive Court docket of Kenya as a director of the board with impact from December 22 and accredited by the board on January 5.

In accordance toSafaricom, Mr Khawaja, who at the moment serves because the managing companion at Dentons Hamilton Harrison & Mathews, has over 30 years of expertise within the authorized occupation starting from dispute decision to industrial and actual property.

“He’s recognised as a number one title within the Kenyan authorized occupation and has been globally recognised in varied apply teams as some of the sought-after legal professionals in Kenya,” Safaricom mentioned in a press release.

Mr Adil beforehand served as a director of KCB Group and was elected the primary chairman of KCB Financial institution Kenya Restricted.

Eight executives occupying the 11 C-suite seats at Safaricom have just lately left for roles outdoors the agency or at British Vodafone and South Africa’s Vodacom ,which have a mixed 40 % stake within the Kenyan firm.

This has allowed the agency to faucet new abilities in Kenya’s evolving telecoms market and form the administration consistent with Mr Ndegwa’s technique that intends to take care of Safaricom’s revenue trajectory.

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