Kenya’s Safaricom appoints Michael Joseph as acting CEO

At a Special Board meeting of the Directors, the board resolved to appoint Michael Joseph as the interim CEO with immediate effect.
Kenya’s Safaricom appoints Michael Joseph as acting CEO
Pedestrian walk past a Safaricom shop in Nairobi on November 22, 2018. (Photo by SIMON MAINA / AFP)

Michael Joseph has been appointed interim Chief Executive Officer of Kenya’s telecommunications company, Safaricom following its long-time CEO, Bob Collymore’s death.

Joseph is the company’s former CEO, and currently serves as Chairman of Kenya Airways.

“Following the passing of the company’s CEO, at a Special Board meeting of the Directors, the board resolved to appoint Michael Joseph, a Board member of the Company as the interim CEO with immediate effect,” a statement issued by Kathryne Maundu, Safaricom’s Company Secretary says.

Collymore, the chief executive who helped to turn Safaricom into East Africa’s most profitable company with an $11 billion valuation, died on Monday after a nearly two-year long battle with cancer

Safaricom is East Africa’s most profitable company and is 35 per cent owned by the government, 35 per cent by Vodacom in South Africa, and 5 per cent by Vodafone in the UK. The remaining 25 per cent is traded on the NSE.


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