John Ngumi has been appointed as the Chairman of Safaricom PLC. He replaces Michael Joseph who has served the company for more than 3 years.
Safaricom announced the new appointment in Tweet.
“We’re delighted to announce John Ngumi as Director and Chairman of our Board of Directors effective August 1, 2022. We are excited to have John on board, as we carry on our commitment to transform lives and go beyond to meet our customers’ needs”,the Tweet read.
Below is the CV of John Ngumi:
Mr. John Ngumi was appointed Chairman of the Board on 7th August 2020.
He was the former Chairman of Kenya Pipeline Corporation Board and has chaired the Board of Konza Technopolis Development Authority. He served as an inaugural director on the Board of Communications Commission of Kenya, now Communications Authority of Kenya, a regulator that oversaw the creation of Kenya’s present telecommunications landscape.
Mr. Ngumi started his banking career at National Westminister Bank, London and has worked for various institutions including Grindlays Bank, Citibank, Barclays Bank and Standard Bank of South Africa establishing himself as East Africa’s foremost corporate and investment banker. He also co-founded one of Africa’s locally owned investment banks, the Loita Capital Partners Group and has led innovative financial transactions in diverse sectors including telecommunications, energy, manufacturing, aviation, energy and infrastructure.
John describes himself as a gregarious; enormously self-confident person possessed of copious amounts of drive, determination, energy and will to win. His overriding goal is to see Africa freed from economic hopelessness and he believes robust and efficient financial services will be a key factor, hence his pivotal role at the intersection of public and private spheres.
Mr. Ngumi holds a degree in Philosophy, Politics and Economics from St. Peter’s College, Oxford University, United Kingdom.