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KCB appoints new CEO to replace Oduor-Otieno

KCB outgoing chief executive Martin Oduor-Otieno (centre) reaches out to incoming KCB CEO Joshua Oigara as KCB Chairman Musa Ndeto (right) looks on during a press briefing at the bank's offices, November 29, 2012  DIANA NGILA.
KCB outgoing chief executive Martin Oduor-Otieno (centre) reaches out to incoming KCB CEO Joshua Oigara as KCB chairman Musa Ndeto (right) looks on during a press briefing at the bank's offices, November 29, 2012 DIANA NGILA. 

KCB Group has appointed its Chief Financial Officer Joshua Oigara as chief executive officer to take over from Martin Oduor-Otieno who leaves the bank next year.

"The two of them will work together to make sure there is a smooth handover and then Martin will leave," the bank's chairman, Musa Ndeto, said at a news conference on Thursday.

He said Mr Oigara had been selected through a transparent and competitive recruitment process, describing him as a young man who "has been able to articulate the KCB business and gain in-depth understanding of the bank's operations."

Mr Oigara joined KCB as CFO in November last year from Bamburi Cement where he served as an executive director and Group Finance director.

His new appointment takes effect from January 1, when Mr Oduor Otieno is due to take a terminal leave.

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