•During a 35 year stint in his career, he established himself as East Africa’s foremost corporate and investment banker working with local and international corporates that have an East African regional presence.
John Ngumi has been appointed as the new Safaricom PLC Director and Chairman of the Board.
He will take over from Michael Joseph. This will take effect from August 1, 2022.
Ngumi is one of the Kenya’s most celebrated bankers.
During a 35 year stint in his career, he established himself as East Africa’s foremost corporate and investment banker working with local and international corporates that have an East African regional presence.
He is a seasoned director having drawn his experience in both private companies and State owned enterprises.
For the latter, he is best known as the inaugural board chair at Konza Technopolis Development Authority and has an extremely active and effective board chair at Kenya Pipeline company limited.
Ngumi currently serves as Board Chair at the Industrial and commercial Development Corporation which is leading the effort to implement the Kenya Transport and Logistics Network encompassing Kenya Ports Authority, Kenya pipeline Company Limited and Kenya Railways Corporation.
The company also announced the resignation of Secretary Mdlalose Sitholizwe.
"With effect from August 1, 2022. We take this opportunity to thank Sitho for his service, dedication , sound advice and commitment to the company with Particular reference to his invaluable contribution at the board audit, risk and compliance committee," Safaricom said.
"The board wishes him the very best in the future."