Tuesday, February 27, 2024

Family Bank CEO Rebecca Mbithi quits after 5 years in office

Family Bank CEO Rebecca Mbithi has left the bank after a five-year stint at the helm.

Announcing her exit on Wednesday, the Family Bank board of directors said Mbithi is leaving the lender to pursue other personal interests.

“We would like to sincerely thank Rebecca Mbithi for her immense contribution to Family Bank’s journey. She steered Family Bank to steady growth in profitability while offering the customers even greater value in products and services.” said Dr. Wilfred Kiboro, the Chairman of Family Bank’s Board of Directors.

Mbithi assumed the role in 2019 after serving the bank as the Company Secretary and Chief Legal Officer.

During her five years as the MD and CEO, she spearheaded the bank’s digital transformation, leading to the Bank’s recognition among the top-performing banks in terms of customer responsiveness and satisfactory digital experiences by the Kenya Bankers Association (KBA).

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“Notably, Ms. Mbithi shepherded the bank during a very successful corporate bond issuance. As a Board, we would like to wish her all the best in her new endeavor,” Kiboro added.

She will be replaced by Nancy Njau, whose appointment is undergoing regulatory processes and approvals.

Njau has served the bank for 21 years in various capacities including being the Head of Retail Banking, Chief Officer Public Sector, and currently the Ag. Chief Commercial Officer.

She holds a Master’s Degree in Business Administration specializing in Strategic Management from the Jomo Kenyatta University of Agriculture and Technology, a Bachelor of Commerce Degree (Accounting) from Kenyatta University, and a Higher Diploma in Human Resource Management.

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