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Safaricom appointments new directors

Safaricom appointments new directors

Kenyan mobile network operator, Safaricom has appointed Mohamed Shameel Aziz Joosub and Linda Watiri Muruiki as non-executive directors on its board in a bid to embrace diversity and enhance shareholder value, effective immediately.

As reported by CIO East Africa, the new shareholding reflects the interests of the new shareholding structure.

Joosub is the current CEO and executive director of Vodacom Group as well as the Chairman of Vodacom Group's executive committee & Vodacom limited.

Joosub was the former CEO of Vodafone Spain, prior to joining Vodacom Group in 2012. He has held several high-level positions at Vodacom and served on the Vodacom Group Board from 2000 to 2011. He was reappointed to the board after his return from Spain.

"Vodafone Group recently transferred 35% of its indirect interest in Safaricom to its sub-Saharan African subsidiary Vodacom Group Limited," reports techweez.

On her part, Muriuki is reported to currently serve as a senior partner at LJA Associates, where she is a practicing advocate of the High Court of Kenya with over 27 years of experience.

She has previously served as a Non-executive director of Old Mutual Life Assurance Company Limited from 2004 to 2010 and the Capital Markets Authority from 2015 to 2017. She currently serves as a Non-executive director of East Africa Reinsurance Company.

Nicholas Ng'ang'a, Chairman, Safaricom says, "We continue to place a keen focus on building an inclusive board that can both meet the evolving needs of our business, and which takes into account the recent changes in our shareholding structure. All three of our new directors bring with them a wealth of expertise in creating world-class mobile companies in both Europe and Africa."

Safaricom has also announced the resignation of Gianluca Ventura as a substantive Director of the Company, according to techweez, Ventura will now act as an Alternate Director to Vivek Badrinath.

Till Streichert, the current Chief Financial Officer and executive director of Vodacom Group, has been appointed as alternate director to Moosub.

Streichert is also a Member of the Vodacom Group executive committee and is a non-executive director of Vodacom SA.

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