FEATURED STORY

Michael Joseph appointed interim Safaricom CEO

Share
KQ Michael Joseph
Kenya Airways Chairman Michael Joseph. The airline has projected that it will have lost Ksh50 billion by the end of 2020.
Share

Kenya Airways chairman Michael Joseph has been appointed Safaricom chief executive following the death of Bob Collymore. Safaricom announced on Tuesday that Joseph, a former CEO of Safaricom, will hold the position until the Safaricom board permanent replacement is found.

“Following the passing on of the Company’s Chief Executive Officer (CEO), Mr Robert (Bob) William Collymore on 1 July 2019, at a Special Board meeting of the Directors’ that was held on even date, the Board resolved to appoint Mr Michael Joseph, a Board member of the Company, as the interim Chief Executive Officer of the Company with immediate effect,” the company said.

Safaricom isn’t strange territory for Joseph.  Besides being a board member,  he has been credited with turning around the mobile services company during his tenure before giving way to Collymore in 2010 when he retired after 10 years at the helm.

Joseph was the CEO of Safaricom Limited 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.

“The board is confident that during this transition, Mr Joseph will provide the necessary guidance and leadership to the company and its employees,” Company Secretary Kathryne Maundu said in a statement.

Mr Collymore, 61, whose tenure was extended by a year was cut short after succumbing to cancer on early Monday morning. He was battling cancer for close to two years and spent nine months in the UK receiving treatment for his ailment.

Statement from Safaricom

APPOINTMENT OF AN INTERIM CHIEF EXECUTIVE OFFICER

Following the passing on of the Company’s Chief Executive Officer (CEO), Mr. Robert (Bob) William Collymore on 1 July 2019, at a Special Board meeting of the Directors’ that was held on even date, the Board resolved to appoint Mr. Michael Joseph, a Board member of the Company, as the interim Chief Executive Officer of the Company with immediate effect.

Mr. Joseph will hold this position until the Board communicates in due course, on a permanent appointment.

Mr. Joseph is a former CEO of the Company and the current Chairman of the Board of Kenya Airways.

The Board is confident that during this transition, Mr. Joseph will provide the necessary guidance and leadership to the Company and its employees.

BY ORDER OF THE BOARD

KATHRYNE MAUNDU

COMPANY SECRETARY

1 July 2019

[ NEXT: Married at 22, divorced at 26: The touching story of a Kenyan musician ]

Written by
Brenda Gamonde -

Brenda Gamonde is reporter with Business Today. Email: [email protected]

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
kenya pipeline
BUSINESSECONOMYFEATURED STORY

Kenya Pipeline Company Reserves 2 Boardroom Seats for Uganda

Kenya Pipeline Company(KPC) released a Supplementary Information Memorandum and structural updates that...

Nairobi Securities Exchange activity slowed as foreigners took profits
BUSINESSFEATURED STORYNEWSSTOCKS

NSE Activity Dampen as Foreigners’ Exit Big Counters

NSE (Nairobi Securities Exchange) shed KSh 104.7 Billion in market value at...

Cooperatives & MSME Development CS Wycliffe Oparanya.
FEATURED STORY

SACCOs in Governance Crisis: Only 19 Meet Set Compliance Levels

SACCOs (Savings and Credit Cooperative Societies) that are licensed to engage in...

Uchumi Supermarket is currently insolvent
FEATURED STORY

NSE Investors Back on Uchumi Counter as Market Slows

NSE (Nairobi Securities Exchange) closed the week with mixed signals, reflecting both...