Sidian Bank, a subsidiary of Centum Investment Company PLC has announced the exit of Mary-Ann Musangi from its board, Mary-Ann is also the CEO of Haco Industries.
Mary Ann Musangi has tendered her resignation from the Board of Sidian Bank following the nomination of Andrew Mukite Musangi by President William Ruto to serve as the Chairperson of the Central Bank of Kenya (CBK), pending vetting by Parliament.
The bank said through a statement that it is committed to implementing and adhering to good corporate governance and best practice. The Board of Directors in fulfilling their fiduciary responsibilities have instituted various principles necessary to ensure that good governance is practised with respect to dealings with the Banks shareholders, customers and other relevant stakeholders.
“As Mary-Ann embarks on a new chapter, we embrace her legacy of commitment to best practice in corporate governance that she leaves behind. Her unwavering support has been instrumental in shaping the bank’s journey through her participation in the board. Sidian Bank remains committed to transparency, accountability, and ethical leadership which remain an integral part of our board’s ethos,” said James Mworia, Chairman of Sidian Bank’s Board and CEO of Centum Investment Company PLC.
Musangi has served on the Board of Sidian Bank for 8 years and she was the Chairperson of Nomination Committee where she led the process of transforming Sidian Bank into a preferred employer brand. Musangi also led the corporate re-brand transformation exercise from K-Rep Bank to Sidian Bank.
“Mary-Ann has been an essential part of our journey. She has been a driving force in championing our values and guiding us through pivotal moments in the bank. Her leadership, vision and commitment to upholding the highest levels of ethical standards have been invaluable. We will carry her visionary spirit forward,” Sidian Bank CEO, Chege Thumbi added.
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