Safaricom’s founding Chief Executive Officer Michael Joseph has resigned from his role as the director of the telecommunications company, with effect from 1 August 2023.
In a communication, Safaricom said Joseph has resigned to concentrate on other roles including chairman of Kenya’s national airline (Kenya Airways), and director in various organisations. He will also continue to pursue his passion in matters conservation and community service.
Michael has served in various capacities within Safaricom since 2000 including serving as General Manager, Chief Executive Officer (twice), Director as well as Chairman of the Board. He has also served as a member and chairman of various committees of the Board.
“Notably, Michael was the founding CEO of Safaricom, steering the company from a subscriber base of less than 18,000 in 2000 to over 17 million subscribers by his time of retirement in November 2010,” noted Kathryne Maundu, Safaricom Secretary.
“It is the deep foundation and connection with communities that Michael developed that led to the phenomenal growth, development of innovative products and services, ensuring the company become deeply embedded in every bit of our society, he oversaw launch and growth of M-Pesa and its related services,” she added.
In January, Safaricom Board Chairman John Ngumi also tendered his resignation barely 6 months after his appointment in July last year. He left the board to focus on developing green energy generation across Africa with an emphasis on green hydrogen.
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