Family Bank CEO David Thuku resigns

Family Bank Managing Director and Chief Executive Officer David Thuku has resigned.

In a statement issued on Tuesday, Family Bank announced that Dr. Thuku will be leaving the bank in six months time to pursue personal interests.

Dr. Thuku has been at Family Bank for the past five and half years serving as Director, Retail Banking and later as the Managing Director and CEO. He took up the Managing Director and CEO position in April 2016.

“We sincerely thank Dr. Thuku for his immense contribution to Family Bank journey and for overseeing the bank through a challenging season while steering it back to profitability. As a Board, we would like to wish him all the best in his new endeavor,” said Dr. Wilfred Kiboro, the Chairman of Family Bank’s Board of Directors.

According to the bank, Dr. Thuku will continue to exercise his full role as CEO of the bank until a replacement is appointed and approved over the next six months.