KCB Group has confirmed that Joshua Oigara, Chief Executive Officer and Managing Director of Kenya Commercial Bank (KCB) Group is stepping down at the end of May 2022, after serving for about 10 years at the helm of the lender.
Paul Russo, who is currently the managing director of the National Bank of Kenya will take over as CEO effective 25th May 2022.
The lender said Joshua Oigara will remain for a period of time to support the transition.
Joshua was appointed CEO of KCB on January 1, 2013, and his tenure comes to an end on December 31 this year. He joined KCB in November 2011 where he previously served as Chief Financial Officer and Member of the Board of Directors.
About Paul Russo
KCB completed the acquisition of National Bank in 2019 and Paul Russo was tasked to lead NBK in the transitional 2 year period of its integration into KCB.
“The appointment follows a competitively run selection process that kicked off in March 2022. Paul, who takes over from Mr. Joshua Oigara, brings a wealth of experience in banking, operational management, people management, strategy, and a sharp business acumen. His most recent role in the group has been that of Managing Director National Bank of Kenya and the KCB Group Regional Business Director.” The bank said in a statement.