Michael Joseph, the first and former CEO of Safaricom, has been appointed to his previous post in an acting capacity following the death of Bob Collymore, the telco’s immediate former boss who succumbed to cancer on the morning of Monday July 1, 2019.
Collymore joined Safaricom in 2010 and took over from Michael Joseph in August of the same year.
(TOP: The late Bob Collymore and BELOW: Michael Joseph, the telco’s acting CEO and BOTTOM: The statement announcing his appointment).
In mid 2017, the telco’s board voted to extend his term by a further 2 years, a move which essentially meant that the earliest he could hand over the leadership reins to another individual would be after August of this year.
Then again this year, the Safaricom board extended Collymore’s term by a further 12 months even though he would have handed over the CEO title to a new individual. This latest extension of his term has now (unfortunately) left the telco with no substantive CEO. Maybe the board planned to identify and appoint a new CEO in the next 12 months or expected Collymore to identify and groom his successor, the same way Michael Joseph did before handing over to him.
Towards the end of April, Reuters reported that Collymore planned “to step down in August for health reasons, but the government’s insistence he should be succeeded by a Kenyan” had delayed announcing a replacement. The telco’s late CEO took a 9-month medical leave in late 2017 and went to UK for medical attention.
Michael Joseph headed Safaricom from 2000 till 2010 when he handed over the position to Collymore.