Disagreement over Bob Collymore’s successor

Mwendo mdundo …wataelewa tuuu

NAIROBI, April 29 (Reuters) - The head of Kenya’s biggest telecoms firm Safaricom plans to step down in August for health reasons, but the government’s insistence he should be succeeded by a Kenyan has delayed announcing a replacement, two company sources said.
Bob Collymore has helped to build Safaricom into East Africa’s most profitable company, thanks to the popular mobile money transfer service M-Pesa and a growing customer base.

However, he took a nine-month medical leave in late 2017 to return to his native England to battle cancer, and has now indicated he wants to step down, the sources told Reuters.

“He wants to concentrate on his health so he did not wish to renew his contract,” said one of them, speaking on condition of anonymity as there has been no official announcement.

Collymore told Reuters on Monday he was still in discussions with the board, adding it would make announcements on the chief executive position at a later date.
“I have every confidence that whether I’m here or not, that this company will run … This is an institution. It is not a company which is just ran by a single person,” he said.

During his tenure, Safaricom’s share price has increased by more than 400 percent to 28.00 shillings ($0.28). He has also led the charge against regulatory efforts to clip the company’s wings due to its dominant size.

Safaricom, which is 35 percent owned by South Africa’s Vodacom, controls about 62 percent of Kenya’s mobile market, with 30 million subscribers. Britain’s Vodafone has a 5 percent stake and the Kenyan government 35 percent.

Private investors also own shares via the Nairobi bourse.

Safaricom, which has not commented on Collymore’s departure, will report its financial results for the year to the end of March on May 3.
The board interviewed candidates, including a senior Kenyan banking executive, before settling on an unidentified foreign national from within the Vodafone group to succeed Collymore, one of the sources said.

But the government objected, citing an agreement supporting the appointment of a Kenyan as CEO, adopted at a shareholder meeting in 2017.
“The state has said ‘no’. They might have to negotiate,” said the source with knowledge of the succession process.

Joe Mucheru, the minister for information communication and technology, said there had been no formal communication from the company on Collymore’s successor.
However, he said he would be surprised if the board could not find a Kenyan to run the company, adding that part of Collymore’s remit was to groom a local successor.
“I would be very surprised if they can’t find a Kenyan. It will be hard for them to justify, what is so special about telecoms?” Mucheru told Reuters.

Collymore, who said he had acquired Kenyan citizenship in recent years, said skills were more important than nationality. Kenyan law allows dual-nationality.

“You have to get the right person for the job. It might be a Kenyan, it might not be a Kenyan,” he said.
Such tensions are not unique to Kenya. Air France-KLM ruffled feathers in France last year when it picked its first foreign CEO.

https://af.reuters.com/article/kenyaNews/idAFL5N2284XS

Give a Kenyan the job and Safaricom will be the next KQ!!

Hii kitu ipewe Kidero.

Looters drooling on those billions of profits with no “mtu wetu” eating inauma watu fulani sana, wanajua ngozi nyeupe dont condon underhand dealings za kusupply hewa

hehehe. Have you ever seen a grown man smile to a point where you see all 32 disfigured, stinky teeth due to joy and happiness?!

Mjamaa anaweza dance city center shirtless na apige soma juu ya kuhepi. Na mmwaimbie ashikilie hio kiti for the next 15 years… wacha tu.

Be prepared for Safaricom nose dive
Mpesa disappearing from people’s account
System hanging
Loosing data bundles…
Double sim card registrations
Tribal hiring and firing

Asante Kwa kutuchanua mapema. Sasa tutahamia Airtel money na Equitel.

Kenyaphobia.
I only trust Opus Dei Kenyans.

New CEO means many in top management will lose their jobs or “retire”

Hii kazi ipewe yule mkambodia
wetu Magufool alireject. @mutheu Sylvia Mulinge

https://ke.linkedin.com/in/sylviamulinge

Huyo mkambodia ako na kesi ndio maana maghufuli ali reject yeye…

Pewa beer mbili na ulete paybill. Story ni simple sana, all those billions sahii are channelled to Vodacom, shares, employee bonuses, and to the govt through telkom. Kuna watu inawauma they cant get a cut, however high up wako government. Even if they add tax, the company obliges and transferred to customers with minimal effect.

Ukiongeza only 1% to the excise duty to safaricom, you are talking billions. Mnataka pesa za campaign zitoke wapi??? Expect drama kwa hii story

If the board decides to hire a Kenyan, that will be great, as long as they don’t compromise on integrity and expertise to manage this success story.

By the time you realize the board compromised, Safaricom will be Uchumi.

wazito lets eat the company from inside. after a few years vodacom and those foreign investors try to pry and poke here and there asking questions and the thing goes pooooof! like a flatulent gut and there is nothing anymore, but a name. The the CEO of that time will run for governor in his grandfather’s county, which he has visited twice since he was born and we will give him to keep mtu wetu from being targeted by angry jungu. it doesnt matter if things go wrong in the government, we have tangatanga, kielewekwe, and business community to sort things out.

:D:D