John Ngumi Quits Safaricom As Board Chairman
KEY POINTS
Ngumi previously worked as the chairman of Kenya Pipeline Company and Konza Technopolis Development Authority.
KEY TAKEAWAYS
Ngumi joins Sylvia Mulinge (chief customer officer), Debra Mallowah (chief business development officer), Joseph Ogutu (chief special projects) Kris Senanu, and Rita Okuthe (chief enterprise business officers), as top executives who have quit the firm.
Safaricom has announced the resignation of board chairman John Ngumi five months after assuming office.
In a statement released on January 5, 2023, the telecommunication giant said Ngumi’s tenure at the company was seized effective December 22, 2022. A new board chairman will be named in the coming weeks.
“In the brief period, John has provided a wealth of industry knowledge and vast experience. He leaves to focus on developing green energy generation across Africa with an emphasis on green hydrogen,” Reads the statement in part.
Ngumi was appointed Safaricom’s board chair in August last year to replace Michael Joseph who was appointed as the Safaricom Board chair in August 2020.
Ngumi previously worked as the chairman of Kenya Pipeline Company and Konza Technopolis Development Authority. He also served as director of the Communication Authority of Kenya and has led in other sectors including manufacturing, aviation, energy, and infrastructure.
In the banking sector, Ngumi started his career at National Westminister Bank, he has worked with several leading global banks including Stanbic bank, Citibank, and Barclays. He also co-founded the Loita Capital partners Group- one of Africa’s locally-owned investment banks.
He was also part of 2001, 4 billion shillings Safaricom infrastructure bond that helped the telco finance its infrastructure rollout. He holds a degree in philosophy, politics, and economics from st Peter’s College, Oxford University, and the United Kingdom.
Ngumi joins Sylvia Mulinge (chief customer officer), Debra Mallowah (chief business development officer), Joseph Ogutu (chief special projects) Kris Senanu, and Rita Okuthe (chief enterprise business officers), as top executives who have quit the firm.
Safaricom has also announced the appointment of Adil Arshed Khawaja as the new director of the board. Mr. Adil previously served as a director of KCB Group and was elected the first chairman of KCB Bank Kenya Limited.
“He is recognized as a leading name in the Kenyan legal profession and has been globally recognized in various practice groups as one of the most sought-after lawyers in Kenya,” Stated Safaricom.
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