President Uhuru Kenyatta has appointed Peter Muthoka as the new chancellor of Masinde Muliro University of Science and Technology.
Muthoka, a career corporate manager,
replaces former President Mwai Kibaki and will serve for
a period of five years with effect from December 8.
The appointment was made in a gazette notice dated December 14.
A chancellor is the honorary head and symbol of authority in the university whose
main function is to confer degrees and grant diplomas and other awards of the university.
Muthoka has a long standing experience in corporate
management and entrepreneurship in both the private and public sector spanning several years.
He retired from Kenya Commercial Bank in May 2012 after serving for eight years as a director and as the group Chair.
Muthoka is also the chair of the Old Mutual Asset Managers, Old Mutual Investments Services, Bel Air Management Ltd, the Advocates Plaza Ltd and Faulu Microfinance Bank.
He is also a director of Old Mutual Holdings and Old Mutual Life Assurance Company, Old Mutual Africa Holdings and Old Mutual Emerging Markets and Director of the Institute of Directors.
The billionaire businessman is also
the chair of the Board of Fellows of the Kenya Institute of Management (KIM) and chair of the Board of Trustees of The Management University of Africa (MUA).
Further, Muthoka
has been an initiator and implementer of development programmes at national, regional and international levels under the auspices of the Government of Kenya (GOK) and multilateral and bilateral agencies.