Michael Joseph has been appointed the new chairperson of the Safaricom boad.
Joseph is taking over from Nicholas Ngángá who is retiring after 13 years of serving the telco giants as chairperson and non-executive director since 2007.
Safaricom CEO Peter Ndegwa said that Joseph’s reign as chairperson will start in August 1, 2020.
“Michael Joseph 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,” Ndegwa said in a statement.
Joseph was Safaricom’s first CEO from July 2000 when the company was re-launched as a joint venture between Vodafone and Telkom Kenya until in November 2010 when he retired.
After the death of Bob Collymore in 2019, Joseph came back as caretaker CEO as Safaricom looked for a new boss.
Joseph spearheaded the launch of M-Pesa, a mobile money platform that revolutionised money transfers. It has become the most successful mobile money service in the world.
According to the Daily Nation, Joseph was was able to steer Safaricom from a subscriber base of less than 20,000 to over 16.7 million subscribers.