The East African Breweries PLC (EABL) and Diamond Trust Bank (DTB) have announced major leadership changes, with both listed companies confirming new board appointments as part of governance reforms.
In separate statements, East African Breweries PLC (EABL) and Diamond Trust Bank (DTB) confirmed changes to their boards, announcing the appointment of a new executive director at EABL and a new non-executive director at DTB.
EABL Appoints Justin Mollel as Group CFO and Executive Director
In a notice dated July 1, EABL announced the appointment of Justin Mollel as an Executive Director, effective July 1, 2026, replacing Risper Ohaga, who resigned on June 30, 2026.
“The Board of Directors of East African Breweries PLC (EABL) hereby announces the appointment of Mr. Justin Mollel as an Executive Director of the Company with effect from 1st July 2026 in place of Ms. Risper Ohaga who resigned with effect from 30 June 2026,” the statement read in part.
Mollel will also serve as the company’s Group Chief Financial Officer.
According to EABL, the newly appointed Director has more than 15 years of experience in finance, strategy and leadership across listed and non-listed organizations.
Before joining EABL, Mollel served as Finance Director at Diageo Ireland, Guinness Ghana Breweries PLC, and Serengeti Breweries Limited in Tanzania, where he oversaw financial leadership, business planning and performance management.
EABL said he has extensive experience in business transformation, financial reporting, risk management, auditing, regulatory compliance and the execution of growth strategies.
Mollel holds a Master of Business Administration and a Bachelor of Commerce (Accounting) from the University of Dar es Salaam.
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He is also a Certified Public Accountant and a registered member of Tanzania’s National Board of Accountants and Auditors (NBAA).
Diamond Trust Bank Names Charles Luo to Board After Three Directors Retire
On its part, DTB has announced the appointment of Charles Mukorwe Luo as a non-executive director, effective June 25, 2026.
“The Board of Directors of Diamond Trust Bank Kenya Limited (the “Company”) is pleased to announce the appointment of Mr. Charles Mukorwe Luo as a non-executive Director of the Company with effect from 25 June 2026,” the company said in a statement.
DTB said Luo holds a Bachelor of Science (Honors) in Applied Accounting from Oxford Brookes University and an MBA from the University of London.
He is also a Certified Public Accountant of Kenya and a Fellow of the Association of Chartered Certified Accountants (ACCA).
He currently serves as the Chief Executive Officer of Cynergy Global Limited, Principal of Aventum Advisory Limited, and a board member of ICEA LION Life Assurance Company Limited.
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According to the bank, Luo previously worked as a partner at Deloitte, where he led audit and advisory engagements for financial institutions, development finance institutions, energy companies and large corporates across East and Southern Africa and the United Kingdom.
DTB said his experience covers audit, strategy, governance, financial management, risk, transactions and business transformation.
Separately, the bank announced the retirement of Moez Jamal, Irfan Keshavjee and Guedi Ainache as non-executive directors with effect from June 25, 2026, following the completion of their terms in office.
“They diligently served as non-executive Directors on the Board of the Company and on its various committees following their respective appointments,” the bank noted.
The board thanked the three outgoing directors for their leadership, dedication and contributions to the bank during their tenure.
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This two brands stand out for building success on solid governance, careful succession, and leaders who bring a mix of local understanding and global experience. These kind of leadership show real strength in the two institutions in thoughtful planning, their stability and a clear focus on long-term continuity.