Safaricom appoints CEO to replace late Bob Collymore
Kenya's leading telco Safaricom Plc has appointed Peter Ndegwa as its new chief executive to replace late Bob Collymore who succumbed to cancer in July.
In a statement to media houses, the board of the Nairobi Security Exchange listed firm said Ngegwa's appointment will take effect from April 1, 2020.
Prior to his appointment, Ndwgwa who holds an MBA from the London Business School and a Bachelor’s Degree in Economics from the University of Nairobi, has been managing director of Diageo Continental Europe.
"Peter brings a wealth of experience to Safaricom over 25 years of experience, having served in various roles within the Financial Services and Fast-Moving Consumer Goods (FMCG) sectors in Africa and Europe," Safaricom chairman Nicholas Ng'ang'a said.
He began his career with global consulting firm PwC as a consultant, relocating to London, UK under the firm’s talent development programme in 1996.
In 1999, he transitioned from the Accountancy practice to the Consulting & Corporate Finance Unit at PwC.
After completing his MBA, Peter took on key assignments in corporate advisory and project management at leading European and American banks and insurance businesses.
He returned to Nairobi in 2002, where he worked on several significant corporate advisory assignments - providing strategic transaction advice, due diligence, valuation, financial planning and modeling, and significant project leadership and management - mostly in the financial services sector.
As CEO of the leading telco in East Africa he faces the daunting task of filling the shoes of the late CEO Bob Collymore and the founding leader, Michael Joseph, who has been holding as an interim since the death of his successor.
On Wednesday, while unveiling non expiry data and call tariffs, Joseph said the firm could appoint a substantive CEO soon. He said he was simply completing one year extension the late Bob was to serve.