Kipng’etich who quit KWS a week ago after serving for eight years since December 2004 has been a member of the Equity Bank board for the same period.
Speaking following the announcement on Thursday morning, Kipng’etich said he was ready for the new challenge, adding that his stint on the bank’s board meant he was familiar with its operations.
“I guess you were expecting my outfit to be jungle green today (the KWS uniform), but that I shed last week and today I am truly part of the Equity family. I know Equity is ready to go to the next level, which is to focus more on efficiency, competitiveness and innovation, “said Kipng’etich.
Before joining KWS, he was the Managing Director of the Investment Promotion Council.
Currently, he serves in several boards including the Kenya Tourism Board and the Kenya Forest Service.
“I have worked with Julius Kipngetich for a very long time and I am pleased that he has joined us. I am aware that four local banks wanted him to join them and we had to fight hard because, if they had seen his strength and credibility, why not take him,” Equity Bank CEO James Mwangi said.
Equity Bank also appointed Samson Oduor as Group Finance Director. Oduor joins the bank from Ecobank Transnational, where he served as the Chief Financial Officer.
“Equity Bank revolutionalised banking in Kenya over the last 10 years and I look forward to being part of the team which in the next 10 years will be looked at as having improved banking in Africa,” said Oduor.
At the same time, Mwangi has denied speculation that Kipng’etich was being groomed to take over as CEO.
“This year I will be celebrating my 50th birthday and I still have a lot to do in the bank together with my colleagues. I can say I still have like 14 years to go to retire, “said Mwangi.