Raphael Lekolool is the new managing director of Kenya Post Office Savings Bank (Postbank) effective June 1, ending a three-month delay in the recruitment process.
Activist Okiya Omtatah had sued the bank over the delay in replacing Ms Anne Karanja whose term initially ended in August. The extension of Ms Karanja’s stay, till February, above the mandatory retirement age of 60 years had taken the tussle over her succession to the Employment and Labour Relations Court.
Ms Karanja had also called off the recruitment process for her successor.
Nonetheless, on Tuesday, board chairman Ntoros ole Senteu finally announced that the board had settled on Mr Lekolool.
“With his vast experience in banking, microfinance and insurance sectors, Lekolool is well placed to drive the bank’s business to the next level while offering customer-driven products,’’ said Mr Senteu.
Also Ms Karanja, while handing over said, ““I have full confidence that my successor, Lekolool will steer Postbank to greater heights. I take this opportunity to wish him a successful tenure.”
Before his appointment, Mr Lekolool served as the enterprise risk manager at UAP-Old Mutual and head of internal audit at Faulu Microfinance. He also once served as KCB Group head of quality assurance.
He is an MBA graduate of Cardiff Business School and holds a BSc degree in Banking from the University of Manchester.
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