In a reshuffle, KCB Group has sent home almost the entire former board of National Bank of Kenya (NBK)
Consequently, KCB tapped NSSF board of trustees chairman and
The board shakeup means Central Organisation of Trade Unions (Cotu) secretary-general Francis Atwoli becomes the latest highest-ranking victim of the takeover after serving on the NBK board for 16 years. Atwoli joined the banks’ board in 2003 representing workers’ interests in the bank.
Also axed from the board is former NBK Board chairman Mohamed Abdirahman Hassan while those retained at the new board include Linnet Mirehane and Jones Makau Nzomo. Former NBK MD Wilfred Musau was
KCB Group is shaking up its board of directors in the latest effort to regain the loss-making NBK shareholders’ trust and revamp its business following successive years of troubles.
The acquisition was promoted as a rescue deal aimed at pulling NBK out of its perennial low liquidity troubles.
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