Joshua Oigara’s terms as the Chief Executive Officer at Kenya Commercial Bank has come to an end after 10 years at the helm.
The KCB Group PLC Board has today appointed Paul Russo (@Saagite) as the company’s Group Chief Executive Officer (GCEO) effective May 25, 2022.
— KCB Group (@KCBGroup) May 24, 2022
He replaces Mr Joshua Oigara who has been the GCEO for the last nine and a half years. pic.twitter.com/W5a119Yn0p
He will be replaced by Paul Russo.
The new CEO was appointed following a competitive process.
Until his appointment, Russo was the Managing Director of National Bank of Kenya.
Joshua Oigara will remain at KCB until the end of the year 2022 to support the leadership transition process.
“The board acknowledges Joshua’s immense contribution in driving the Growth of the Group business over the decade. He has been instrumental in deepening financial inclusion and social impact across East Africa,”a statement by the bank read in part.
During his term at the helm of KCB, Oigara oversaw expansion of the bank to regional markets such as Rwanda and Tanzania.
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At home, Oigara over the acquisition of National Bank of Kenya which has now produced the new CEO.
The incoming CEO holds a Bachelors’ in Business Management from Moi University and a Masters in Business Administration from Strathmore University Business School.
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