National Bank of Kenya has announced the new board of directors following the completion of the takeover process by KCB Group.
The new directors are; Mr John Nyerere who will be the chairman of the board, Engineer Stanley Kamau, Mr Jones Nzomo, Ms Linnet Mirehane, Gen,(Rtd)Dr Julius Karangi, Mr Paul Russo, and Mr Joshua Oigara. The Bank will be lead by Mr Paul Russo who was appointed as Managing Director shortly after the acquisition.
READ; Paul Russo confirmed as NBK’s managing director
The former directors of the bank voluntarily retired so as to allow for a smooth transition. The directors include; Mr Mohamed Hassan, Dr Francis Atwoli, Mr Mark Obuya, and Mr Joseph Kering.
The acquisition of National Bank of Kenya by KCB Group is expected to have positive outcomes as it will mark the beginning of structured change. The deal is expected to offer long-lasting solutions to the struggling lender.
Related;
NBK acquisition will weaken KCB Group’s financials in the short term – Moody’s
KCB Lists Additional 142.9 Million Shares After Acquisition of NBK
