The KCB Group Plc Board has appointed Mr. Andrew Wambari Kairu as the new Chairman of the Group Board of Directors. The appointment takes effect on October 24, 2018. Mr. Kairu takes over from Mr. Ngeny Biwott who has chaired the Group Board since 2013.
Speaking when announcing the change of guard, KCB Group CEO & MD, Mr. Joshua Oigara, said the Group is looking forward to Mr. Kairu’s leadership in the lender’s growth agenda into the future. “He has extensive business and technical experience that is aligned and central to KCB transformation journey into the future,” Joshua said while thanking Mr. Biwott for his astute leadership and stewardship of the Bank over the years.
In his acceptance statement, Mr. Kairu thanked the Group Board for the appointment and pledged to work with the Board Members and Management team towards strengthening the Bank.
Mr. Kairu has over 20 years of executive experience in the financial sector, with extensive experience in banking. Prior to his appointment, he was an Independent Non-Executive Director at KCB Plc and KCB Bank Kenya.
Other positions held by the new Chairman include: Chair Andrew W Kairu and Associates Limited; Non-executive Director Dalberg Research; Member of Audit Committee Commonwealth Secretariat; Director & Chief Operating Officer Ghana International Bank Plc; Head, Emerging Markets Financial Institutions Citi London; and VP Financial Institutions Non-Presence Countries, Africa at Citi; and Relationship and Liability Management at Citi.
He holds a Bachelor of Commerce degree from the University of Nairobi, an Executive Development qualification from Wharton Business School and Corporate Governance Certification on Board’s Effectiveness from Harvard Business School.