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Tuesday, December 10, 2019
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Martin Oduor Otieno appointed EABL Chairman

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Martin Oduor Otieno EABL: Former Kenya Commercial Bank chief executive officer Martin Oduor Otieno has been appointed as the EABL chairman.

Mr. Otieno will assume the chairmanship from January 1 2020. He will replace current chairman Charles Muchene who will be retiring on December 31.

The shocking salary Martin Oduor Otieno earns

Mr. Otieno has decorated himself as one of the most sought after board directors in Kenya. In the 2018 financial year, he was the highest paid member of a board of directors in Kenya.

After leaving his position as KCB CEO, Oduor-Otieno took up a job at auditing firm Deloitte as a senior advisor (financial services), a role that is equivalent to a partner or shareholder in May 2013.

Mr. Oduor-Otieno left Deloitte and Touche to become the new non-executive director of Standard Bank Group, under which CFC Stanbic and Liberty Holdings operate.

Oduor-Otieno holds a Bachelor of Commerce degree in Accounting from the University of Nairobi and an Executive MBA from ESAMI/Maastricht Business School.

He is an alumnus of the Harvard Business School Advanced Management Programme and holds an Honorary Doctorate of Business Leadership from KCA University. Mr Oduor-Otieno was part of the “Dream Team” appointed by president Moi in 1999 to help turn around the economy.

Oduor Otieno EABL

While he has had a relatively quiet, behind-the-scenes tenure at Deloitte, it is at KCB that he was most successful, steering the bank to a dominant position in terms of balance sheet size and profits.

When Oduor-Otieno took over as CEO in 2007, KCB posted a Sh. 2.9 billion net profit on a total asset base of Sh. 120.4 billion. In 2012, his final year at KCB, Oduor Otieno sw the bank’s asset base had expanded to Sh368 billion and its profitability had more than quadrupled to Sh. 12.2 billion. That level of growth saw KCB knock Barclays off its perch as Kenya’s most profitable lender and East Africa’s biggest bank. Martin Oduor Otieno EABL.

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