Cellulant CEO Ken Njoroge will step down from the helm of the company after 18 years of leadership. Njoroge announced his upcoming transition in blog, saying that he will transition step down by June 2021, and become a director on Cellulant’s board.
“I will transition from my role as the CEO by the end of June, and spend the rest of the year supporting all the teams and the new leader in the transition. I will remain a shareholder and director on the board. As a founder, I am still passionate about our vision and will continue to work tirelessly to be a strong advocate for our customers and our talented management team,” reads the blog.
Reasons for Ken Njoroge’s Decision
The co-founder attributes his decision to two events, the exit co-founder from the business and the necessity to focus more time on his family.
Ken Njoroge says the exit of co-CEO Bolaji Akinboro from Cellulant in August 2020 which gave him the clarity that he had contributed “the best of [his] abilities in establishing an enduring business, built on strong governance, systems and culture,” later realizing that the team could take over his position as a leader.
Throughout his 18 years as the CEO, Ken Njoroge has led Cellulant through landmark moment such as its $47.5 million funding, the largest deal in the continent then.
SEE ALSO: US-Based PE Firm TPG Capital Acquires $47.5m Stake in Kenya’s Cellulant
