23 C
Kenya
Tuesday, May 26, 2020

The career profile of Safaricom CEO Peter Ndegwa

Must Read

Co-op Bank restructures Sh. 15 billion loans, repayment periods, interest

Co-op Bank Loan Moratorium: The Co-operative Bank has restructured loans worth Sh. 15 billion in a bid to help...

This is how you can use loans to create your wealth

Making Money with Loans: Many people do not understand how a loan works or how they can make the...

How my struggles with weight led to a health business

Roseanne Kamau is the founder and managing director of Treasure Fitness, a weight loss and health business and lifestyle...

Peter Ndegwa Biography: Peter Ndegwa took office as Safaricom CEO on April 1. The question on many Kenyans’ mouths was; who is Peter Ndegwa? Let us take a look at the career profile of this CEO:

Peter Ndegwa Biography:

Peter Ndegwa joined Safaricom from Diageo, a global leader in the alcoholic beverages business, where he is currently serving as Managing Director of Continental Europe.

In his current role, he oversees business operations in 50 countries in Western and Eastern Europe, as well as Russia, the Middle East and North Africa region. He was appointed to the role in July 2018, becoming the first African to run a large business for Diageo outside of Africa.

In his time in Continental Europe, his energy to drive transformational change has delivered significant results. Prior to this Peter led two of Diageo’s biggest businesses on the continent, Guinness Ghana Breweries Plc and Guinness Nigeria Plc. At Diageo Peter has developed a reputation for cultivating a strong inclusive culture which has been paramount in his leadership.

Kenyatta family now own Sh. 6.6 billion stake in NCBA bank

He began his eleven-year career with global consulting firm PwC as a consultant, relocating to London, UK under the firm’s talent development programme in 1996. In 1999, he transitioned from the Accountancy practice to the Consulting & Corporate Finance Unit at PwC. After completing his MBA, Peter took on key assignments in corporate advisory and project management at leading European and American banks and insurance businesses.

He returned to Nairobi in 2002, where he worked on several significant corporate advisory assignments – providing strategic transaction advice, due diligence, valuation, financial planning and modelling, and significant project leadership and management – mostly in the financial services sector.

Peter Ndegwa Biography

In 2004, Peter joined East African Breweries (EABL), a Diageo subsidiary based in Nairobi, as Strategy Director. In this role, he led the NSE-listed beer manufacturer in shaping a five-year strategy. This included the development of an affordablebeer strategy which saw the creation of Senator Keg.

Senator keg has gone on to become one of Kenya’s and Diageo’s most iconic beer brands. It has led to a strong partnership with the Kenyan government and created a viable entry level beer which reduces the consumption of illicit brews, increases local raw material use and boosts job creation. As a result, it was recently featured in the Harvard Business Review.

During that period, Peter also led significant business development agendas including the acquisition of Serengeti Breweries Limited, a major subsidiary in Tanzania, and unwound a complex shareholding structure with SAB Miller (now ABI) in both Kenya and Tanzania.

He left EABL in October 2011, starting an eight-year sojourn away from home to Diageo subsidiaries Guinness Ghana Breweries plc and Guinness Nigeria plc both of which he led as CEO.

His commitment to investing in people, introducing new brands and improving efficiency saw him grow both business despite the challenges they were facing. In Ghana, he led talks with the government leading to introduction of an affordable beer in the country.

In Nigeria, he helped transform the business – at a time when the country was facing economic challenges due to declining oil prices. His efforts resulted in a 40% recovery in share price. He left Nigeria for his current role in Europe in July 2018.

In his career spanning over 25 years, Peter has demonstrated commitment to simplification of business process and on leadership and talent development has helped create a sustainable business for the future. This has not only resulted in a career decorated by new brands, but also winning accolades as an employer, manufacturer, purchaser and investor.

Peter has also demonstrated commitment to sustainable business practices. Beyond championing talent development, he has also enabled a range and depth of investment in water and environment programmes.

Following the appointment as CEO of Safaricom Plc, Peter once again returns home to Nairobi. Peter is married with one child.

He holds an MBA from the London Business School and a Bachelor’s degree in Economics from the University of Nairobi. He is also a Certified Public Accountant and a member of the Institute of Certified Public Accountants of Kenya (ICPAK).
Peter draws his inspiration from his teachers in primary school, the legendary Dr Geoffrey Griffin – the late founder of Starehe Boys Centre- his alma mater, and his parents, especially his mother. Peter Ndegwa Biography.

- Advertisement -

1 COMMENT

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

159,782FansLike
10,907FollowersFollow
105FollowersFollow
243SubscribersSubscribe
WhatsApp
Telegram

Latest News

Co-op Bank restructures Sh. 15 billion loans, repayment periods, interest

Co-op Bank Loan Moratorium: The Co-operative Bank has restructured loans worth Sh. 15 billion in a bid to help...

This is how you can use loans to create your wealth

Making Money with Loans: Many people do not understand how a loan works or how they can make the best out of it. This...

How my struggles with weight led to a health business

Roseanne Kamau is the founder and managing director of Treasure Fitness, a weight loss and health business and lifestyle service firm. She is in...

Kameme Tv to shut down, K24 to stream news from KTN News

Emerging reports say that the Kenyatta Family's MediaMax is set to shut down its vernacular television station Kameme Tv. The media house is also set...

How you can grow your money with just Sh. 5,000 only!

Kenyan Money: Very often people underestimate the power of money that is within their grasp, argues Waceke Nduati Omanga in this feature that was...

More Articles Like This

- Advertisement -