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Kenya’s Safaricom appoints Michael Joseph as acting CEO

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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