Safaricom PLC’s Firm Secretary Kathryne Maundu resigns | Linda Wambani takes over

Safaricom’s Firm Secretary Ms Kathryne Maundu has stepped down from her function efficient September thirtieth 2023 after seven years working at East Africa’s greatest telecommunications agency.

In line with the Firm’s Board Chairperson Adil Khawaja in a press release, “Kathryn has served within the Board and its varied committees for greater than seven years. Throughout this era, she has supported the Board within the implementation of its mandate in step with the legal guidelines and rules in Kenya and the method has earned the Board’s belief and appreciation.”

“The Board takes this chance to thank Kathryne for her devoted service, sound recommendation and dedication to Safaricom over time, and desires her the easiest for the longer term,” Khawaja added.

The Safaricom Board didn’t take lengthy to decide.

“The Board can also be happy to announce the appointment (topic to regulatory approval) of Ms. Linda Mesa Wambani because the appearing Firm Secretary of Safaricom PLC with impact from 1st October 2023,” it introduced in a press release.

Ms. Linda Mesa Wambani, Safaricom PLC’s Senior Authorized Counsel and a senior advocate with 19 years of expertise, is now the brand new appearing Firm Secretary of Safaricom PLC with impact from 1st October 2023. Linda is Safaricom PLC’s instant Senior Authorized Counsel the place she was offering authorized assist for Safaricom PLC, the M-PE SA Basis and Safaricom Ethiopia.

Linda has a Bachelor of Legal guidelines Diploma from the College of Nairobi, a MBA in Strategic Administration from the USA Worldwide College (USIU) and a Grasp of Legal guidelines Diploma in Industrial Regulation from the College of Nairobi and is a member of the Institute of Licensed Public Secretaries of Kenya and the Girls on Boards Community and the Regulation Society of Kenya.Previous to becoming a member of Safaricom PLC, Linda was a industrial and litigation lawyer at Demons Hamilton Morrison & Mathews.

Kathryne’s resignation follows former CEO Michael Joseph’s resignation as board director of Safaricom PLC in August. Although she has not said her subsequent profession strikes, Katherine sits on the East African Breweries Restricted (EABL) board and there’s no phrase about her resignation there which means her resignation from the Safaricom Board just isn’t a profession transfer or health-related difficulty however a disagreement in precept identical to director Michael Joseph’s.

In August this 12 months, former Safaricom CEO Michael Joseph resigned from the corporate after 23 years of service. Joseph served as CEO from 2000 to 2010 and resigned from the Safaricom board of administrators August 1 to deal with his different ventures.

“The Board broadcasts the resignation of Mr. Michael Joseph as a Director within the Board of Safaricom PLC, with impact from August 1, 2023. Michael leaves the Board to deal with different ventures in his life together with persevering with his function as Chairman of Kenya Airways and being a director in varied organizations. He’ll proceed to pursue his passions in issues of conservation and neighborhood service,” ” the corporate stated in a press release.

As CEO, Joseph grew Safaricom’s subscriber base from 18,000 in 2000 to 17 million and is seen because the godfather of M-PESA. Safaricom now boasts over 40 million clients, commanding an over 60 p.c market share within the firm. Joseph adopted the January resignation of John Ngumi, the  board chairman of Safaricom PLC simply six months after his appointment.

Mr Ngumi was a detailed ally of the previous President Uhuru Kenyatta and has served as chairman in lots of parastatals, such because 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 with Michael Joseph.

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