NAIROBI, Kenya, Dec 11 – Nation Media Group Managing Director Joe Muganda has resigned to join Vivo Energy Kenya as the new Managing Director effective February 1, 2018.
Muganda joins the Shell products distribution company to replace Polycarp Igathe who joined politics to become Deputy Governor of Nairobi County.
In a statement, Vivo Energy East and South Africa Region Executive Vice President, David Mureithi, says Muganda will bring with him vast experience in the Fast Moving Consumer Goods sector, “allowing the company to build on its previous success, as he steers the company to meet its ambitious goals.”
At NMG, Muganda has been credited with overseeing the company’s business re-engineering strategy towards a digital-first goal across the various business units and products in Kenya, Uganda, Tanzania and Rwanda, during his four-year tenure.
NMG Board Chairman Wilfred Kiboro says Muganda has aggressively driven the group’s product portfolio.
“He will leave a leaner, nimbler organisation whose future commercial success is already evident in the positive trajectory of returns from the investments in digital initiatives. We wish him in his future pursuits,” said Kiboro.
Nation Media Group has named Finance Director Stephen Gitagama as Acting MD as the Board seeks Muganda’s substantive replacement.
Previously, Muganda was Kenya Breweries Managing Director and has held senior leadership positions at BAT, Barclays and Unilever.
He holds a Bachelor’s degree in Accounting and Financial Management from the University of Buckingham and an MBA from the University of Leicester.