Former KCB chief executive officer Martin Oduor-Otieno has been earning Ksh. 1.5 million per month for his part time job as the non-executive director of South Africa’s Standard Bank Group.
This means that in the year ended December 2016, Oduor-Otieno earned Sh. 17.7 million.
This is according to the latest annual reports that have been disclosed by Standard Bank Group, which is the largest bank in Africa.
The ex-KCB chief currently runs a private consultancy business and is also a board member of cigarette manufacturer BAT Kenya.
His annual pay has surpassed what many listed companies pay all their directors in a year. In fact, it is only Safaricom and Equity Bank which pay all their directors a combined total of Sh. 21.3 million and Sh. 47 million respectively.