Safaricom‘s chief finance officer, Sateesh Kamath, has been appointed to the role of Chief Financial Officer at Vodafone Business. This appointment will take effect on 1st July 2020.
“In his new role, Mr. Kamath will be reporting to Vinod Kumar who is the Chief Executive Officer for Vodafone Business. He will also become a member of the Vodafone Group Finance Leadership Team,” Safaricom chief executive officer Peter Ndegwa said.
The career profile of Safaricom CEO Peter Ndegwa
Sateesh joined Safaricom PLC as CFO and Executive Director on the board on 1st August 2016 from Vodacom Tanzania Ltd, where he held a similar position.
He is credited with, among many other achievements, helping to build Safaricom shareholders’ value by 50 per cent to the current market value of Sh. 1.2 trillion. he is also reputed for improving business performance through Fit for Future Initiatives adding 6 percentage points on EBIT margin.
“He played a key role in completion of acquisition of M-PESA Joint Venture from Vodafone and purchase of critical spectrum while ensuring efficient use of company’s funds,” said Mr. Ndegwa. “He also assumed broader responsibilities in navigating the company through the phase when Bob Collymore was on medical leave and through transitions thereafter.”
In his four year tenure, Sateesh Kamath built a reputation as an outstanding finance expert in the region, a leader and a mentor, qualities that we at Safaricom have benefited greatly from and we will deeply miss. He will leave behind a very strong team.
