from MARIA MACHARIA in Nairobi, Kenya
NAIROBI – KENYA’S Safaricom board has appointed Michael Joseph as its new chairperson.
He replaces Nicholas Nganga, who is retiring after 13 years at the helm.
Joseph has been serving as a non-executive board member since 2008.
“It is an honor to serve as the next Chairman of a company that I am passionate about and have been involved with ever since its inception,” he said.
“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.”
At the time of his Nganga’sappointment as chairman, Safaricom had slightly over 6 million customers, 1 000 employees and eight shops across the country.
The telco 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.
He led the board in overseeing the rapid network development in the country.
Nganga has managed to grow shareholder value by 607 percent since listing in 2008.
“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,” the outgoing chairperson stated.
– CAJ News