Family Bank has appointed a new Chief Executive Officer (CEO) following the exit of Rebecca Mbithi, who led the lender for five years.
Nancy Njau who previously headed strategic partnerships unit at Family Bank is the new CEO.
Board chairperson Dr Wilfred Kiboro announced the change of guard at the middle-tier lender.
“We would like to sincerely thank Rebecca Mbithi for her immense contribution to Family Bank’s journey,” Dr Wilfred noted.
Further, the bank noted Rebecca Mbithi’s stewardship had been essential in the growth of the bank.
“She steered Family Bank to steady growth in profitability while offering even greater value in products and services to customers,” Dr. Wilfred Kiboro added.
The bank’s board of directors clarified that Mbithi was leaving the lender to pursue personal interests.
Rebecca Mbithi Journey at Family Bank
Rebecca Mbithi took up the top seat in 2019.
Before taking up the major role in 2019, she served as the company secretary as well as the chief legal officer.
Also Read; Lawyer Who Quit 4 Top Companies in 2023 Lands Another Job
Further, she was recognized for her experience and extensive background in leadership in various organizations at director level specializing in law, project finance, Corporate Restructuring, Equity/Debt raising and Governance.
Rebecca Mbithi previously worked at Kenya Tea Development Agencies (KTDA) and Rift Valley Railways.
At Family Bank, she was instrumental in Strategy and Business Development, Capital and Debt Raising, Risk Management, Compliance and Controls.
She also provided legal services and strengthening the Bank’s Governance structures.
Before her exit, the corporate executive was recognized as one of the most transformative CEOs impacting Kenya’s economy.
Nancy Njau’s Profile
Notably, Nancy Njau joined Family Bank in 2002 as a graduate clerk. Over her 21 years stay at Family Bank, she has had an impressive stint at the lender, rising through the ranks.
Previously, she has held other positions such as the branch manager, senior manager, regional manager and head of retail banking.
Of note, Nancy Njau will be the second female CEO in the bank, after taking over from her predecessor as the bank maintains a female lead.
She holds a Bachelor of Commerce Degree (Accounting) from Kenyatta University, and a Higher Diploma in Human Resource Management.
Further, she pursued a master’s degree in business administration, specializing in Strategic Management at the Jomo Kenyatta University of Agriculture and Technology.
In addition, she is a Certified Public Accountant of Kenya (CPA-K) and a Certified Executive Leadership Coach.
Also Read: Ex-KAM CEO Phyllis Wakiaga Lands Another Plum Job
Overall, Nancy Njau is a seasoned financial services expert with 17 years of experience in that field.
