John Ngumi has quit his position as the chairman of the Safaricom board. Ngumi has left this position five months after his appointment.
He had been appointed effective August 1 2022. He had replaced former Safaricom chief executive officer Michael Joseph.
Safaricom had appointed Michael Joseph as the firm’s chairman in 2020 following the retirement of Nicholas Ng’ang’a, who had been at the helm for 13 years.
Ngumi’s appointment to Safaricom was widely criticized with critics claiming that he was appointed to the position for political reasons.
In his resignation, Ngumi claimed that he had left Safaricom in order to focus on green energy projects across Africa.
Ngumi has previously served as the chairman of the Board at the ICDC. Prior to his position at the ICDC, Ngumi was the immediate former Chairman of Kenya Pipeline Corporation Board and has chaired the Board of Konza Technopolis Development Authority.
He served as an inaugural director on the Board of Communications Commission of Kenya, now Communications Authority of Kenya, a regulator that oversaw the creation of Kenya’s present telecommunications landscape.
When Kenyans got on Expressway and refused to pay saying they are very broke
Ngumi started his banking career at National Westminister Bank, London and has worked for various institutions including Grindlays Bank, Citibank, Barclays Bank and Standard Bank of South Africa establishing himself as East Africa’s foremost corporate and investment banker