Safaricom Former CEO Michael Joseph has been appointed the chairperson of the Safaricom PLC Board.
Mr. Joseph will take over after the retirement of Nicholas Ng’ang’a who has held the position for the last 16 years.
Safaricom Chief Executive Officer Peter Ndegwa, who announced the appointment, noted that the new Board Chairperson would take over the reins in August 2020.
According to Ndegwa, Mr. Joseph brings a wealth of skills and industry knowledge due to his contribution to the growth of Safaricom from very humble beginnings to becoming one of the most innovative, influential, and profitable companies in the East African region.
Michael Joseph joined the Safaricom Board on September 8, 2008, and currently works as Vodafone Group Services Limited Director of Mobile Money.
He also serves as Vodafone’s Strategic Advisor appointed to the Boards of Vodacom Group South Africa, Vodacom Tanzania, and Vodacom Mozambique and also as the chairman of Kenya Airways.
Michael has been the CEO of Safaricom Limited since July 2000 when the telecommunications company was re-launched as a joint-venture between Telkom Kenya and Vodafone UK until his retirement in 2010.
During his term, Joseph steered the company from a subscriber base of less than 20, 000 subscribers to over 17 million subscribers.
This phenomenal growth straddling nearly a decade was motored by the launch of many innovative products and services like M-PESA.
Safaricom is currently one of the leading companies in East Africa and also one of the most profitable firms in the region.
The outgoing chairman Nganga joined the Board of Safaricom in May 2004 and was elected chairman in January 2007.
Before joining Safaricom, the former Permanent Secretary in the Ministries of Foreign Affairs, Finance, and Health was involved in the tea industry as the chairman of the Tea Board of Kenya.
He was also chairman of the National Bank of Kenya.
He also is currently a member of the Kakuzi Limited Board.