Telkom Kenya has announced the appointment of Mugo Kibati as its new CEO. Mr Kibati is the immediate former Group CEO of Sanlam Kenya and has held other senior leadership positions in both the public as well as the private sector, including being the founding Director General of Kenya’s Vision 2030 Secretariat and serving as Group Managing Director and CEO at East African Cables.
Mugo is an Electrical Engineer and holds a B. Tech (Electrical Engineering) Degree from Moi University (Kenya), a Master of Science Degree from the Massachusetts Institute of Technology (USA) and a Master of Business Administration Degree from George Washington University (USA). He started his career as an Electrical Engineer at Bamburi Cement (LafargeHolcim) in Kenya and also worked as a Market Development Manager at Lucent Technologies in USA.
(TOP: Mugo Kibati, the new CEO at Telkom Kenya).
Kibati has also held non-executive Board positions in various institutions and is currently the Chair of the Board of Directors at Lake Turkana Wind Power.
Kibati is taking over from Aldo Mareuse who is moving on to pursue other interests having led the company from mid-2016.
Announcing the transition at the company today, Eddy Njoroge, the chairman of the Board said: “The Board is very grateful to Aldo for his leadership of the company over the last three years. Notable milestones achieved during his tenure include the expansion of the company’s network by over 50%, successful rebranding of the company to Telkom and rolling out of a 4G network, resulting in the company becoming the data operator of choice in the market. We wish him the very best in his future endeavours.”
Mareuse commented: “Since joining the company three years ago, we have made significant progress in the transformation journey initiated following the change in ownership. I would like to thank both management and staff for their dedication to the mission and incredible level of hard work put in to get us this far. I also wish to thank the Board as well as the Shareholders for the support extended to the team and I wish Mugo and the Company great success in the years ahead.”
Aldo Mareuse took over as CEO of Telkom Kenya in mid 2016, replacing Vincent Lobry who had held the position since September 2014.
Mugo Kibati, who has also served as the chairman of M-KOPA Solar, said he was delighted to be joining Telkom at a critical moment of its transformation: “I look forward to working closely with the Staff, Board, Shareholders and all the Company’s Partners to get Telkom to the next level of its development in the near future.”
Kibati joins Telkom, the country’s third largest telco in terms of market share, less than a month after the firm announced that it would sack about 500 staff in a restructuring exercise meant to align its cost structure and skill-set with its overall strategy.