Why Michael Joseph has quit Safaricom as Board chair

Michael Joseph has stepped down from Safaricom effective August 1, 2023, to focus on other ventures, according to a letter from Safaricom’s Board dated Friday.

He has quit East Africa’s largest telco as the Chairman of Safaricom’s Board of Directors, the position he assumed on July 30, 2023.

According to the letter, Joseph will be focussing on other ventures among them overseeing the affairs of Kenya Airways (KQ) as the Chairman.

“The Board announces the resignation of Mr. Michael Joseph as a Director in the Board of Safaricom PLC, with effect from 1″ August 2023,” reads the statement in part.

“Michael leaves the Board to focus on other ventures in his life including continuing his role as Chairman of Kenya Airways and being a director in various organizations. He will continue to pursue his passions in matters of conservation and community service.”

Michael Joseph was the founding CEO of Safaricom.

He has served in various capacities at the organization since 2000 including being the General Manager, Chief Executive Officer, Director as well as Chairman of the Board.

Michael has been serving as non-executive board member since 2008.

“Notably, Michael was the founding CEO of Safaricom Limited, steering the Company from a subscriber base of less than 18,000 in 2000 to over 17 million subscribers by his retirement in November 2010 making it the most successful company in East Africa,” noted the Board.

Michael Joseph has been credited for being behind the launch of both the Safaricom and M-PESA Foundations.

“He, together with the late Bob Collymore, launched the highly successful M-PESA Foundation Academy,” added the Board.

Safaricom and M-Pesa Foundations have supported many projects throughout Kenya in education, health, culture and conservation to name a few.

Monitor Your Business Transaction

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

Related Articles

Back to top button