The Standard Group one of the leading media houses in the country has announced the resignation of Wesley Kimosop as its Chief Finance Officer.
In a notice on Wednesday March 5, the company’s Board Chairman Julius Kipngetich stated that Kimosop resigned on February 28, 2025.
“Pursuant to the provisions of Regulation 11 of the Thirteenth Schedule of the Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023, the Board of Directors of The Standard Group PLC (“the Company”) wishes to notify its shareholders and the general public of the resignation of Mr.
Wesley Kimosop as the Chief Finance Officer of the Company effective 28th February 2025,” read the notice.
Standard Group on why Wesley Kimosop left
According to the Board Chairperson, the Chief Finance Officer resigned because he was going to pursue his career ambitions elsewhere.
Further, in the notice the company’s board chair thanked Kimosop for the time he worked at the Standard Group.
“The Board takes this opportunity to appreciate Mr. Kimosop for his service and wishes him well in his future endeavors,” said the Board Chairperson.
The Board Chairperson also announced that Kimosop’s successor will be announced in due course.
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Kimosop joined the Standard Group on August 1, 2023, and was appointed Chief Finance Officer effective 5th December 2023.
Wesley has a vast of professional experience spanning over 17 years in the banking sector where he rose through the ranks to senior management responsible for designing and implementing strategies to achieve business targets, financial controls and processes, budgeting, compliance and operating controls.
Wesley Kimosop’s Career
He joined the Standard Group PLC from Access Bank (Kenya) PLC, where he was the Senior Manager in charge of Compliance and Operating Controls as well as Head of Retail Banking.
Before that, he has worked with NCBA Bank and Diamond Trust Bank in various capacities.
Kimosop holds a Bachelor of Commerce Degree from the University of Nairobi.
He is also a Certified Public Accountant (CPA-K), and a member of the Institute of Certified Public Accountants of Kenya (ICPAK).
Ochieng Rapuro Resignation
Kimosop’s resignation follows the recent departure of veteran journalist Ochieng Rapuro, who was the Editor-in-Chief at the Standard Group.
Consequently, the firm picked John Bundotich as the acting EIC.
The Mombasa Road-based giant has been plagued with financial difficulties, which has seen the exit of senior journalists and other staff members following months of unpaid salaries.
Also Read: Ken Mijungu Exits KTN After 4 Years
In July 2024, as part of a reorganization plan, the company announced the redundancy of over 300 employees.
They promised a one-year redundancy payment plan, with installments scheduled for September, October, and November 2024.
However, former employees have reported that they have not yet received any of the promised payments.
In August 2024, the Standard Group appointed Marion Mwangi CEO, replacing Joe Munene who had held the position in acting capacity after the exit of Orlando Lyomu.
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