Safaricom has announced the appointment of two new Directors in line with its commitment to building a sustainable enterprise. The appointments are effetive today and were approved at a board meeting that took place earlier today. In a statement to newsrooms, the company’s Board of Directors said it has resolved to appoint Peter Ndegwa as the company’s CEO effective April 1, 2020. She holds a Bachelor of Commerce and an MBA degrees from the University of Nairobi and is currently the Plus the usual "biased" Gadget Reviews. He joins Safaricom from Diageo PLC where he is the Managing Director of Diageo Continental Europe. In a statement to newsrooms, the company’s Board of Directors said it has resolved to appoint Peter Ndegwa as the company’s CEO effective April 1, 2020. He has managed to grow shareholder value by 607% of share total shareholder returns since listing. It is comprised of 10 directors of whom nine are non-executive directors and one is an executive director. Mr. Nganga retires from the telco that now serves over 35.6 million customers, across 50 shops and hundreds of service desks across the country, with a staff force of over 6,500 employees. Michael Joseph has been appointed as the next Chairman of Safaricom’s Board of Directors. “Ms. Safaricom’s Board of Directors was updated to reflect the recent C‑Suite changes. Safaricom board has Thursday appointed Michael Joseph as the next Chairman of Safaricom’s Board of Directors following the retirement of … On the appointment as new Chair of the company, Michael Joseph has said, “It is an honour to serve as the next Chairman of a company that I am passionate about and have been involved with ever since its inception. He was appointed following the retirement of current chairman Mr. Nicholas Nganga after serving for 16 years on the Board of which 13 he served as the chairman. On 24 October 2019, the board of directors of Safaricom appointed Peter Ndegwa as the next CEO, effective 1 April 2020. East and Central Africa's biggest telco is facing senior management problems as the Board of Directors of Safaricom feel that the shareholders are not getting a good return on their investment. Safaricom has appointed 2 new directors as part of its strategy to enhance shareholder value. The two appointments were announced following a Safaricom Board of Directors meeting held on Thursday 31st August. Mon - Fri : 08:00 AM - 5:00 PM (+254) 0111 222 226 ,(+254) 0111 222 227; Member Login; Join Us Of the nine non-executive directors, we now have two independent directors. The two appointments were announced following a Safaricom Board of Directors meeting held on Thursday. Throughout the years, I am proud of the numerous moments that I have been involved in, steering and guiding this great organization to the enviable position it is today,” said, Mr. Nganga. Ogega brings wealth of experience spanning over 25 years advising and managing both large, complex and emerging startup ventures. At the time of his appointment as Chairman, Safaricom had slightly over 6 million customers, 1,000 employees and only 8 Safaricom shops across the country. : Michael Joseph is the former Chief Executive officer of Safaricom PLC, a position held from July 2, 2019 to Mar, PS, the National Treasury and Planning and is a Non-Executive Director, Alternate Director to PS, National Treasury, Pre-Qualification for Women-Owned-Businesses, Safaricom Non- Financial Representation Letter, Intergrating the SDGs in Safaricom Strategy. Christopher is the Director-General of Public-Private Partnerships at the National Treasury. He is also a non-executive Director on the Boards of Vodacom Group South Africa, MFS Africa and Safaricom Limited. Christopher Kirigua is the Director General of Public Private Partnerships at the National Treasury. The Chairman is responsible for the operation, leadership and governance of the Board, ensuring its effectiveness and setting its agenda. Mr. Badrinath will represent Vodafone on the board … Safaricom Sacco Ltd. Job Vacancy: Chief Executive Officer Job Ref: SSL/CEO/02/08/19 Safaricom Sacco Ltd. is a dynamic Savings and Credit Co-operative Society committed to excellence and quality service, providing members with an opportunity to … His appointment took effect on 10th February 2021. 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Safaricom board has Thursday appointed Michael Joseph as the next Chairman of Safaricom’s Board of Directors following the retirement of … Through a press statement the two appointments were announced following a Safaricom Board of Directors meeting held on Thursday 31st August. Dr. Bitange Ndemo and Vivek Badrinath have been appointed to the Safaricom board of directors. Michael has been serving as a non-executive board member since 2008. Citing various touchy issues, the board members sitting sometime last week before the annual general meeting (AGM), were rumoured to have demanded that Bob Collymore resign as the CEO of the listed … During the 12th Annual General Meeting which was held virtually, the shareholders approved the dividend payout of KES 1.40 per share, up from KES 1.25 paid in 2019, for the Financial Year Ending March 31, 2020. “On behalf of the Board of Directors, I wish to announce the retirement of current long-serving Chairman Mr. Nicholas Nganga and the appointment of Mr. Michael Joseph as the new Chairman of the Board with effect from 1st August 2020,” said Peter Ndegwa, Safaricom CEO. The Chairman is responsible for the operation, leadership and governance of the Board, ensuring its effectiveness and setting its agenda. Mohamed Shameel Aziz Joosub and Linda Watiri Muriuki join the board as Non-Executive Directors, effective immediately. To this end, Chris Kirigua, who also works as the Director-General of Public Private Partnerships at the National Treasury, will execute his roles as the Alternate Director to the CS, National Treasury and Planning. Safaricom PLC Board of Directors has appointed Mr. Peter Ndegwa as the company’s Chief Executive Officer effective April 1, 2020. “On behalf of the Board of Directors, I wish to announce the retirement of current long-serving Chairman Mr. Nicholas Nganga and the appointment of Mr. Michael Joseph as the new Chairman of the Board with effect from 1st August 2020,” said Peter Ndegwa, Safaricom CEO. The approval of Ms Ogega’s appointment, who will serve as an independent non-executive director was effected on 12 February. As part of its strategy to enhance shareholder value, Safaricom has announced the appointment of Mohamed Shameel Aziz Joosub and Linda Watiri Muriuki to its board as Non-Executive Directors, effective immediately. Safaricom Appoints New Directors to its Board. The appointments were made following a Safaricom Board of Directors meeting yesterday. He heads Kenya and East Africa region. Sokowatch listed as one of the World’s Most Innovative Companies for 2021, Nium.com now allows sending funds to Kenya, Tanzania, Ghana and South Africa, Huawei updates AppGallery with new features for users in Kenya, Ghana, South Africa and Nigeria, M-Kopa and Pula Advisors receive KES. He also currently serves as chairman of Kenya Airways, and the Chancellor of Maseno University. 142 Million Grant to enhance Women’s access to loans and insurance, Users can now Request Money from Others using NEW M-Pesa App, Here are the new Telkom T-Kash Charges from March 2021. Consisting of the commercial director, finance director, technology director, head of compliance and risk and the chief of financial services, Safaricom,” the telco said in a statement. The Safaricom Board of Directors has appointed Mr. Peter Ndegwa as the company’s new Chief Executive Officer to replace Bob Collymore who passed on in … The Board is responsible for the overall conduct of the Company’s business. Safaricom has appointed Christopher Kirigua and Winnie Ouko to its board of directors. Safaricom has announced the appointment of Mohamed Shameel Aziz Joosub and Linda Watiri Muriuki to its board as Non-Executive Directors, effective immediately, as part of its strategy to enhance shareholder value. She previously served on the Board between 11 April, 2001 and 5 September, 2002. The Safaricom PLC Board of Directors has today resolved to appoint Mr. Peter Ndegwa as the company’s Chief Executive Officer effective April 1, 2020. OPPO Reno 5; How Super Fast Charging Changes Everything! Michael has been serving as non-executive board member since 2008. Other members on the Safaricom board include the Chair, the company secretary, two independent non-executive directors, one other non-executive director and the representative of the government of Kenya. Michael has been serving as a non-executive board member since 2008. “As a purpose-driven business, Safaricom has been prioritizing support to Small and Medium-Sized Enterprises. Safaricom has appointed Christopher Kirigua and Winnie Ouko to its board of directors. There seems to be a problem at Safaricom. Safaricom Appoints Winnie Ouko & Christopher Kirigua as Directors on its Board Next Post Maasai Mara National Reserve voted World’s 3rd Best National Park, 2021 Safaricom provides a broad range of first-class products and telecommunication services, Broadband Internet and Financial services throughout Kenya. East and Central Africa’s biggest telco is facing senior management problems as the Board of Directors of Safaricom feel that the shareholders are not getting a good return on their investment. Winnie Ouko and Christoper Kirigua are the new members of Safaricom’s Board of Directors. Until landing the Safaricom CEO slot, he was managing Director of Diageo Continental, Europe. The board met on 12th February 2019 and approved the appointment of Ms. Ogega as an independent non-executive director effective 12 th February 2019. The Safaricom chair is Nicholas Ng’ang’a, who has been on the Safaricom board for 15 years, holding the chair’s position since 2007. Director for Vodafone UK. Citing various touchy issues, the board members sitting sometime last week before the annual general meeting (AGM), were rumoured to have demanded that … Mr. Joosub is the … Michael was the founding CEO of Safaricom Limited, steering the company from a subscriber base of less than 18,000 in 2000 to over 17 million subscribers at his retirement in November 2010 making it the most successful company in East Africa. A total of KES56.09 billion will be paid out to shareholders with the Government of Kenya expected to receive KES19.63 billion. Mr. Nganga took up the leadership reins at a time when the government was offering 25% of its shares to the public through the Nairobi Securities Exchange in 2008. https://kenyanwallstreet.com/safaricom-announces-changes-to-its-board Christopher will serve as an alternate director to the Cabinet Secretary, National Treasury and Planning. It is with humility that I take over from Mr. Nganga, whose leadership, wisdom and guidance has led Safaricom to where it is in the 13 years, he has been the Chairman of the Board. He is the first Kenyan to serve in that role. Safaricom has named Peter Ndegwa as its new Chief Executive Officer effective April 1, 2020 in replacement of the acting of the current CEO Michael Joseph. The disbursement, which is equivalent to 80 percent of its normalized earnings, is a 12% increase from last year. Michael has been serving as non-executive board member since 2008. Christopher will serve as an alternate director to the Cabinet Secretary, National Treasury and Planning whereas Winnie will serve as an independent non-executive director. Michael Joseph has been appointed as the next Chairman of Safaricom’s Board of Directors. He was CEO of Safaricom until 2010 when he departed from the position, after the late Bob Collymore’s takeover. The Safaricom chair is Nicholas Ng’ang’a, who has been on the Safaricom board for 15 years, holding the chair’s position since 2007. Reach out to us at any time mail@tech-ish.com, Former CEO Michael Joseph becomes Safaricom’s Board of Directors’ Chairman. “Safaricom PLC board of directors has resolved to appoint Mr. Peter Ndegwa as the company’s chief executive effective April 1, 2020. Pal was appointed Alternate Director for CEO Peter Ndegwa, and newly‑appointed Vodacom Group CFO Raisibe Morathi was also added to the Board. Ndegwa joins Safaricom from Diageo where he is the Managing Director of Diageo Continental Europe. The Chief Executive is responsible for the management of the Company’s business and the implementation of Board strategy and policy. He then became interim CEO in 2019 after the passing on of Collymore and was replaced by current CEO Peter Ndegwa in April of 2020. Kenya’s top mobile carrier Safaricom has replenished its Board after appointing Rose Ogega as a member of the committee. The Safaricom PLC board of directors appointed him effective April 1, ,2020. In his last financial year as chairman, Safaricom announced investment of KES 36B to expand its network coverage. Other members on the Safaricom board include the Chair, the company secretary, two independent non-executive directors, one other non-executive director and the representative of the government of Kenya. The constitution of the Board of the company is stipulated by the Articles of Association of the company. The Safaricom Board of Directors has appointed Mr. Peter Ndegwa as the company’s new Chief Executive Officer to replace Bob Collymore who passed on in July this year. East and Central Africa's biggest telco is facing senior management problems as the Board of Directors of Safaricom feel that the shareholders are not getting a good return on their investment. The Safaricom board has appointed Michael Joseph as the next Chairman of Safaricom’s Board of Directors following the retirement of Mr. Nicholas Nganga after serving for 16 years on the Board of which 13 he served as the chairman. We hope that the dividends they receive as shareholders will give the much-needed boost for their businesses during this difficult COVID-19 pandemic period even as we come up with ways to ensure we support them post COVID-19,” said Mr. Nganga. He joins Safaricom from Diageo PLC where he is the Managing Director of Diageo Continental Europe. Affordable True Wireless Buds that don’t suck! The Late Safaricom CEO Bob Collymore. “This team will be led by and report directly to Sitoyo Lopokoiyit.” Interim Managing Director, M-Pesa Africa Safaricom: Safaricom Plc has announced changes in its Board of Directors, with the Board appointing Ms Raisibe Kgomaraga Morathi as a Director, with effect from 1st November 2020. Safaricom 4G coverage covers more than 77% of the population while 3G coverage is at 94% of the population. The Senior Management Team is responsible for the daily running of the company and ensuring that we are working towards achieving set goals. At 11 am, the Board of Directors called a press conference and paid glowing tribute to the CEO of Kenya’s most profitable company. Citing various touchy issues, the board members sitting were rumored to have demanded that Bob Collymore resign as the CEO of the listed company. […] The development was arrived at during the Board of Directors’ conclave that was held earlier this week. Ndegwa joins Safaricom from Diageo where he is the Managing Director of Diageo Continental Europe. He led the board in overseeing the rapid network development in the country, having started with 3G upgrading on his appointment at a cost of KES 1B in 2007. We focus mostly on opinions on Tech, Business, Entrepreneurship and Startups. I am grateful for the opportunity to serve, not just the board but also the shareholders and the company. He was appointed following the retirement of current chairman Mr. Nicholas Nganga after serving for 16 years on the Board of which 13 he served as the chairman. The changes are part of the company's moves to embrace a more diversified board. As I take up the new role, I am optimistic of the great opportunities ahead to work with the Board, Peter and the entire Safaricom team to continue to transform lives.”. In 2019, the company issued a special dividend of KES0.62per share bringing the total dividend issued to shareholders of KES 1.87, amounting to KES74.92 billion. Safaricom provides a broad range of first-class products and telecommunication services, Broadband Internet and Financial services throughout Kenya. OPPO Reno 5 receives February 2021 Security Patch. Safaricom board of directors has on Thursday appointed Mr Peter Ndegwa as the company’s Chief Executive Officer effective April 1, 2020. The full list of the Safaricom Board of directors is now as follows: Nicholas Nganga – Chairman & Non-Executive Director Bob Collymore – Executive Director & Chief Executive Officer of Safaricom Michael Joseph – Non-Executive Director “I am happy that I handover the leadership baton to Michael whose skills and energy I have had the chance to see and appreciate over the years. Alumni As part of its strategy to enhance shareholder value, Safaricom has announced the appointment of Mohamed Shameel Aziz Joosub and Linda Watiri Muriuki to its board as Non-Executive Directors, effective immediately.