Safaricom will choose Collymore successor: Government

0
417
The late Safaricom CEO Bob Collymore.
The late Safaricom CEO Bob Collymore. PHOTO/COURTESY: Techweez

The government has distanced itself from allegations that it would be responsible for picking the new Chief Executive Officer at Safaricom following Bob Collymore’s passing late last month. The telco which is Kenya’s most profitable company is in the market for a permanent CEO to replace Collymore who succumbed to cancer despite naming former CEO Michael Joseph as the company’s interim CEO.

According to a news report by the Business Daily, the government’s insistence on having a local takeover at Kenya’s largest telco following Bob Collymore’s death was the reason behind the company’s delayed announcement of his full time replacement.

The government has however revealed that it will not involve itself in the succession politics at the telco, instead vowing to work with however the company chooses to replace the late Collymore.

“Their (Safaricom) board will decide who they will have as the new CEO. There is no say from the government on who becomes CEO, once they (Safaricom) decides, then we will carry on with that person,” said ICT Cabinet Secretary Joe Mucheru last week according to the Business Daily.

The ICT Cabinet Secretary had last month revealed that the government was seeking to have a Kenyan lead the telco when Bob Collymore’s contract at the telco came to an end in August 2020.

 “My wish is that a Kenyan gets the position, but we don’t control the business. We have appointed directors to run the business, it doesn’t mean that what the government wants is what it gets,” the CS said early this month.

With Collymore at the helm of Safaricom the telco grew into East Africa’s most profitable company with more than Ksh.1.1 trillion in valuation. The firm also introduced its innovation hub dubbed Alpha whose objective is focused on promoting sustainability programmes and initiatives in the health, education, agriculture sectors.

ALSO READ: Michael Joseph named Safaricom interim CEO following demise of Bob Collymore

LEAVE A REPLY

Please enter your comment!
Please enter your name here