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Kenya

NCBA announces retirement of two of its board members

NAIROBI, Kenya, Dec 31- NCBA Bank has announced the retirement of its Executive and Group Director Jeremy Ngunze from the board.

The banks Managing Director John Gachora through a statement revealed that this would be effective December 31, 2020.

“Executive Director of NCBA Group PLC and Group Director-Corporate development and regional business will be leaving the services of the companies effective December 31 2020 having opted for early retirement,” said Gachora.

“Jeremy has positively influenced the banking industry during a distinguished 30-year career, 12 of which have been with the NCBA Group,” he added.

The bank said that Ngunze contributed significantly in driving business growth while supporting people and customers through effectively steering mergers of its regional subsidiaries.

At the same time, Livingstone Murage who served as the Group Company Secretary and Group Director Governance will also retiring from the services of the companies effective December 31 2020, following an illustrious 35-year career with the NCBA Group.

“ Livingstone leaves behind a strong legacy of integrity and good corporate governance practices towards enhancing shareholder value, championing the sustainable growth of the companies through their transformation into a leading financial services group in the East African region, and entering stakeholders in our corporate practices,” said Gachora.

 

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