NAIROBI, Kenya, Jul 13 – Nairobi Securities Exchange has appointed Kiprono Kittony as the board chair effective immediately.
Kittony replaces Samuel Kimani who resigned on July 13 after serving as the chairman of the NSE board since 2012.
“After a thorough process, the board of directors has appointed Kittony as the next chairman of the NSE,” NSE announced.
“Kittony takes over from Samuel Kimani who stepped down as chair of board on July 13, 2020 after holding the position for four years, he remains on the board as an independent non-independent director for one more year,” reads NSE’s statement.
At the same time, NSE said Bob Karina will continue to serve as the Vice-Chairman of the Board for the next year.
In one of his social media accounts, Kittony thanked the board for having elected him to the position of chairmanship.
“I appreciate the confidence of the board of the NSE upon my election as Chairman this morning,” Kittony tweeted.
Kittony has been serving as a non-executive NSE board member in 2018.
He also served as Kenya National Chamber of Commerce President for two terms since 2012 before he passed on the baton to the current President Richard Ngatia.
He is a well-known personality in business leadership circles in Kenya as he also chairs the board of Radio Africa Group and the Chief Executive Officer Capital Realtime Limited.
Kittony also serves as the chair of the Credit Reference Bureau Kenya Limited, AAR insurance Limited, Mtech Limited.
He also serves on the Business Advocacy Fund board and also sits on the advisory council of the International fund for Health in Africa.