Former CfC Stanbic Holdings chief executive Kitili Mbathi is set to be appointed the new director- general of the Kenya Wildlife Service (KWS), signalling his return to public service.
Mr Mbathi on Friday resigned from CfC setting him up for a re-union with Richard Leakey, the current KWS chairman, with whom they served in former President Moi’s “dream team” of technocratic civil servants.
Mr Mbathi has held the CfC position for eight years.
He previously worked for the government as investment secretary in the ministry of finance when World Bank fronted reforms saw President Moi appoint private sector professionals to key government positions, including Dr Leakey who headed the civil service.
The company said he has been replaced on a temporary basis by Greg Brackenridge, currently the regional chief executive of CfC Stanbic Bank.
Sources told the Business Daily that Mr Mbathi left CfC to take up the job of KWS director- general, but the formal announcement of his new appointment has not yet been made.
The wildlife protection agency has not had a substantive head for years after its former chief Julius Kipng’etich left to become Equity Bank’s chief operating officer in 2012.
KWS had appointed William Kiprono as its acting director- general but he subsequently took a new appointment as Mandera’s county commissioner last year.
Mr Kiprono and others were in the race to get the KWS director general’s job but the recruitment process was cancelled amid allegations that a section of the agency’s board members were rooting for certain candidates.
Mr Mbathi has a Bachelor of Arts degree in Economics and Political Science from the University of Michigan and a Masters of Banking and Finance for Development from Instituto Finafrica of Milan.
His exit from CfC came after the company posted a Sh1.9 billion net profit in the half-year ended June 2015, a 41.6 per cent decline from Sh3.3 billion a year earlier.
The performance was driven by flat interest income at Sh4.3 billion while non-interest income dropped 32.8 per cent to Sh3.3 billion. CfC’s key operating units include the bank and SBG Securities.
Its banking operation in South Sudan has been particularly hurt by the economic problems in that country as a result of the political unrest.
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