James Mwangi Equity CEO: Equity Bank chief executive officer James Mwangi has said that he is not planning to retire anytime soon. The chief executive officer has been reported as saying that he would like to retain his top position until he clocks age 75. “The earliest maybe on my own volition that I would ask to retire is when I turn 75!” the 57-year-old has been quoted by the Business Daily. “I have another 20 years. I take consolation from one of my role models, Warren Buffett who is still chief executive at the range of 87.”
The CEO has now already served Equity for a period of 29 years. According to the report in the BD, Mr. Mwangi wants to cement Equity’s expansion in Africa over the next two decades before calling it quits. earlier in the year, he had talked of leaving the bank’s executive suite to join its foundation—which is the social arm of Equity Group.
“Mr. Mwangi’s intention to serve longer will cement his position as one of the longest tenures among publicly traded firms. He joined the bank as finance director before rising to chief executive in the 1990s when Equity was still a building society,” the BD reported.