Michael Joseph is heading back to the telecommunication giant, Safaricom but this time around not as a CEO but as the chairman of the company.
The former CEO has been appointed as the new Safaricom board chairman to replace the outgoing Nicholas Ng’ang’a who has served the company as the telco’s chairman and non-executive director since 2007.
Cumulatively, the outgoing chairman has sat on the board of East Africa’s most profitable telco company for 16 years after he first joined the firm as a director in 2004.
Announcing the appointment, Safaricom Chief Executive Officer Peter Ndegwa said Michale Joseph will take over from August 1, 2020, and has been mandated to improve customer sentiment, greater brand consideration, and to bolster Safaricom’s digital transformation agenda.
“He brings a wealth of skills and industry knowledge given 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,” Mr. Ndegwa said.
Realistically no one understands the firm better than Michael Joseph who has served the telco as its CEO twice and has been a board member of many years
During his leadership as Safaricom CEO, Joseph launched the mobile money platform, M-Pesa which has grown to become the biggest and the most successful mobile money service in the world.
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Michael Joseph joined the telco board back in 2008. After leaving the CEO position, Joseph was later appointed as Director of Mobile Money at Vodafone Group Services Limited.
Joseph is currently the chairman of Kenya Airway’s board as well as the Vodafone’s Strategic Advisor, appointed to the Boards of Vodacom Group South Africa, Vodacom Tanzania, and Vodacom Mozambique.
During his tenure as the Safaricom CEO, he steered the company from a subscriber base of less than 20,000 to over 16.71 million subscribers.
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