World Markets

Kenya's Safaricom names Peter Ndegwa as new CEO

Credit: REUTERS/THOMAS MUKOYA

Kenya's top telecoms operator Safaricom has named Peter Ndegwa as its new CEO, it said on Thursday, ending a three-month search for a new leader following the death of its long-time head Bob Collymore.

Adds details, background

NAIROBI, Oct 24 (Reuters) - Kenya's top telecoms operator Safaricom SCOM.NR has named Peter Ndegwa as its new CEO, it said on Thursday, ending a three-month search for a new leader following the death of its long-time head Bob Collymore.

East Africa's most profitable company, which is part-owned by South Africa's Vodacom VODJ.J and Britain's Vodafone VOD.L, has been led since July by an interim CEO after the death of Collymore.

Ndegwa joins from brewer Diageo DGE.L, where he has served as managing director of the company's continental European business, overseeing operations in 50 countries, Safaricom said in a statement.

His appointment becomes effective on April 1, 2020, the company added.

Safaricom controls about 62% of Kenya's mobile market, with 30 million subscribers. The company is 35% owned by Vodacom, while Vodafone has a 5% stake.

(Reporting By Maggie Fick, George Obulutsa and Omar Mohammed; additional reporting by Duncan Miriri; Editing by Deepa Babington and Pravin Char)

((maggie.fick@thomsonreuters.com; +254 798 985 128;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest World Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More