Companies That Employed New CEOs This Year

Several companies appointed new CEOs this year, marking pivotal leadership transitions across various sectors.

These changes reflect strategic shifts aimed at navigating economic uncertainties and fostering innovation.

New leaders are expected to drive growth, build resilience, and secure long-term sustainability in the increasingly competitive global market.

Standard Group

The Standard Group, a listed media company with over 100 years of existence, appointed Marion Gathoga-Mwangi as its CEO.

SG appointed Marion in June 2024, taking over from Joe Munene who held the position in an acting capacity since the exit of Orlando Lyomu.

Gathoga Mwangi has over 26 years of experience as a senior executive in different companies.

Companies That Employed New CEOs

Cape Media

Cape Media Limited, the parent company of TV47 and Radio47, in June this year announced the appointment of Mwenda Njoka as its new Chief Executive Officer (CEO).

The Chairman of the Board, Mugo Kibati, noted that he made the decision after careful consideration. The company announced in a notice that Njoka was recognized as a seasoned journalist and media executive.

“Mr. Njoka brings a wealth of experience, having distinguished himself in the Kenyan media landscape for over 30 years,” read the statement in part.

He takes over from Ken Otwenyo who previously held the role from November 2022.

Njoka’s impressive career includes stints as CEO of the Government Press and Government Printer, as well as senior management positions at various media outlets across the country.

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PSC

The Public Service Commission (PSC) in June appointed Paul Famba as the Chief Executive Officer (CEO) for a period of five years effective August 1, 2024.

According to the PSC, the appointment is in exercise of its powers under Section 15(2) of the Public Service Commission Act.

Famba replaced Dr. Simon Rotich whose tenure as CEO ended in July 2024.

Lake Turkana Wind Power

The Board of Directors of Lake Turkana Wind Power (LTWP) in April announced the appointment of Max Schiff as CEO.

The Chairman of the Board, Mugo Kibati, noted that he made the decision after careful consideration.

“As CEO, Max will lead the operational and strategic direction of LTWP. He will provide oversight of all business functions within the organization. His extensive experience and proven leadership in the industry will ensure LTWP’s continued success,” said the Board Chairman.

KBC

Radio Africa Group’s Chief Operating Officer Agnes Kalekye Nguna was in May appointed the Chief Executive Officer of the Kenya Broadcasting Corporation (KBC).

The Head of Public Service, Felix Koskei, announced Nguna as one of the CEOs appointed to various state corporations on May 17, 2024.

ICT Cabinet Secretary Eliud Owalo confirmed the appointment while announcing the immediate appointment of the former Radio Africa boss as the new Managing Director of KBC.

Nairobi Securities Exchange

Nairobi Securities Exchange (NSE) Plc appointed Frank Mwiti as the new Chief Executive Officer (CEO) effective March 2, 2024.

In a notice dated February 19, NSE Board Chairman Kiprono Kittony said Mwiti will succeed Geoffrey Odundo who will leave office on March 1, 2024.

The Board notified the company’s shareholders, stakeholders and the public that Odundo will complete his tenure having served for nine years as NSE CEO.

“Following the completion of Odando’s tenure, the Board of Directors of the NSE is pleased to announce the appointment of Mr. Frank Mwiti as the CEO of the NSE effective 2 May 2024, subject to appropriate regulatory approvals by the Capital Markets Authority. The appointment follows a comprehensive and rigorous recruitment process,” read the notice in parts.

Kenya Tourism Board

June Chepkemei was appointed as the Chief Executive Officer (CEO) of the Kenya Tourism Board (KTB) for a three-year term.

Former Tourism Cabinet Secretary (CS)Alfred Mutua announced her appointment in a gazette notice number 3226 dated March 19, 2024.

“In exercise of the powers conferred by section 37 (1) of the Tourism Act, 2011, the CS for Tourism and Wildlife appoints June Teclar Chepkemei to be the Chief Executive Officer of the Kenya Tourism Board, for a period of three (3) years, with effect from the 20th of March 2024,” the notice read.

Also Read: Why Companies Are Firing Permanent Employees in 2024- CBK

AAR Insurance

AAR Insurance Kenya (AAR) appointed Justine Kosgei as its new Chief Executive Officer (CEO) and Principal Officer.

In a statement on April 12, AAR revealed that Kosgei would succeed Dr. Patrick Gatonga and described the appointment as significant to their transformative journey.

“AAR is pleased to announce the appointment of Justine Kosgei as the new Chief Executive Officer, succeeding Dr. Patrick Gatonga who has served with distinction,” read the statement in part.

Other Companies & Organizations

EACC, DTB, KICC & KNCCI

The Ethics and Anti-Corruption Commission (EACC) also nominated Abdi Ahmed Mohamud to replace the outgoing Chief Executive Officer, Twalib Mbarak.

Additionally, the Kenya National Chamber of Commerce and Industry (KNCCI) has announced the appointment of Ahmed Farah as the new CEO.

He took over from Patrick Nyangweso who was appointed in May 2023.

Diamond Trust Bank (DTB) Kenya appointed Murali Natarajan as its managing director as part of reorganisation of its parent firm DTB Group, which is listed on the Nairobi Securities Exchange.

UBA and ATC

Additional companies include the United Bank of Africa (UBA) which appointed Mary Mulili as its new Managing Director and CEO, effective January 19.

This decision made Mulili the first female top executive at the financial institution, coinciding with UBA’s 15th anniversary in Kenya.

Similarly, American Tower Corporation Kenya (ATC Kenya) announced the appointment of George Odenyo as its new Chief Executive Officer (CEO), effective January 1, 2024.

On its part, Letshego Kenya, a subsidiary of Letshego Africa Holdings Limited, in April appointed Jeff Ngeta as the Country Chief Executive Officer and Executive Director.

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