New KCB Bank CEO,Paul Russo

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The KCB Group PLC Board has today appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective May 25, 2022.

He replaces Mr Joshua Oigara who has been the GCEO for the last nine and a half years. Joshua will be available for a period of time to support a smooth transition. The appointment follows a competitively run selection process that kicked off in March 2022.

“Paul Russo is the right person for the job & will take us to the next level in its growth ambitions to become the undisputed regional leader and drive much-needed business transformation for greater impact of economies and communities around us” KCB Group Chairman Andrew Kairu

“Joshua has left a solid legacy for KCB across Africa & beyond that is dotted by transformation of millions of lives, enhanced financial inclusion across the region, digital banking innovations & has built a Group that is anchored on sustainable business practices” he added.

Paul’s monthly salary will be Ksh 5million to Ksh 10 million.Joshua Oigara has been one of the highest paid CEOs in Kenya,his monthly salary was averaging Ksh22 million.He spent 10 years at KCB as the CEO.