KCB group has inaugurated a new board of directors for National Bank of Kenya following its recent acquisition of the lender. The board will be chaired by John Nyerere, currently a member of the KCB group board of directors, who will take over from Mohamed Hassan, the outgoing chairman of NBK.
Other members of the new NBK board include Dr. Julius Karangi (who is currently the chairman of the National Social Security Fund), CPA. Jones m. Nzomo, Linnet Mirehane, Joshua Oigara (who is KCB group CEO and MD) and Paul Russo.
The changes saw the exit of COTU Secretary General, Francis Atwoli from the board of NBK.
The inauguration of the new board completes the governance changes, which started with the appointment of Paul Russo as the bank’s Managing Director to lead the transition.
KCB group chairman, Andrew Wambari Kairu has said the new board will be expected to provide leadership and guidance to steer NBK through the transition and eventual integration within the KCB group, adding that the central bank of kenya has granted a ‘fit to serve’ approval for the directors
