Mugo Kibati appointed Telkom Kenya CEO
- Mr. Kibati, the immediate former Group CEO of Sanlam Kenya takes over from Mr. Aldo Mareuse who has left the company after two years at the helm.
- The new boss said he is delighted to be joining the company that is currently undertaking a redundancy plan that will see it send home 500 employees.
Telecommunications company Telkom Kenya on Friday announced the appointment of Mugo Kibati as its new Chief Executive Officer.
Mr. Kibati, the immediate former Group CEO of Sanlam Kenya takes over from Mr. Aldo Mareuse who has left the company after two years at the helm.
The new boss said he is delighted to be joining the company that is currently undertaking a redundancy plan that will see it send home 500 employees.
“I look forward to working closely with the staff, board, shareholders and all the company’s partners to get Telkom to the next level of its development in the near future,” said Mr. Kibati.
Announcing the transition, Mr. Eddy Njoroge, the chairman of the board lauded the work the outgoing CEO did for the company.
“Notable milestones achieved during his tenure include the expansion of the company’s network by over 50%, successful rebranding of the company to Telkom and rolling out a 4G network, resulting in the company becoming the data operator of choice in the market. We wish him the very best in his future endeavours,” said Mr. Njoroge.
On his part Mr. Mareuse wished his successor “great success”.
“I wish to thank the board as well as the shareholders for the support extended to the team and I wish Mugo and the company great success in the years ahead,” said Mr. Mareuse.
Mr Kibati is one of the most successful names in business in the country and has held many top positions in the private sector as well as in government.
He was the founding Director General of Kenya’s Vision 2030 Secretariat and has served as Group Managing Director and CEO at East African Cables. He is the chair of the Board of Directors at Lake Turkana Wind Power Limited.
An Electrical Engineer, Mr. Kibati holds a B. Tech (Electrical Engineering) Degree from Moi University (Kenya), a Master of Science Degree from the Massachusetts Institute of Technology (USA) and a Master of Business Administration Degree from George Washington University (USA).
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