Changes to the board of Safaricom PLC took effect on Sunday, November 1, with two career executives appointed as directors.
The appointments of Raisibe Kgomaraga Marathi and Dilip Pal were confirmed in a statement by Company Secretary Kathryn Maundu.
Coming from the financial services world, Raisibe has over 26 years experience working with corporates in Africa including Nedbank Group, Sanlam Group and the Industrial Development Corporation.
Raisibe was appointed the Chief Financial Officer and Executive Director of Vodacom Group with effect from Sunday, November 1.
She joined Vodacom from the Nedbank Group where she had served as the Chief Financial Officer (CFO) since September 2009.
Raisibe is a Chartered Accountant (SA) and completed an Advanced Management Programme (AMP) with INSEAD (France). At Nedbank, she was also the Patron of the Nedbank Women’s Forum.
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Dilip Pal, on the other hand, will serve as an alternate director to Safaricom CEO Peter Ndegwa after his appointment as Chief Financial Officer (CFO) took effect on Sunday, November 1.
Pal took over as CFO from Sateesh Kamath, who left the telco in July 2020.
Prior to joining Safaricom, Pal was the CFO at DTAC Thailand, the third-largest GSM mobile phone provider in Thailand.
He joined DTAC Thailand after three years as the CFO of Grameenphone Bangladesh.
Pal has previously worked with Vodafone in India, and rose to become Executive Vice President (EVP) Finance in Mumbai.
He has also served in finance roles in organizations including Hutchinson Essar, Hindustan Coca Cola Beverages and Tata Tinplate.
Pal holds a Bachelor of Commerce from Goenka College of Commerce and a Master’s in Commerce from Calcutta University.