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June 1, 2010

KCB re-elects Muthoka as chairman

by Richard Kilner

Story link: KCB re-elects Muthoka as chairman

The Kenya Commercial Bank (KCB) has re-elected Peter Wanyaga Muthoka as chairman for a further two year term.

Muthoka has already served one term as chairman, and joined the bank’s board back in 2004.

He thanked the directors for their confidence in him, and stated that he was humbled to be re-elected as chairman.

Muthoka went on to say that both the board and the management of the bank was dedicated to improving the firm’s performance by increasing productivity, enhancing efficiency, improving cost management and providing top quality customer care.

During his first term as chairman the KCB expanded across East Africa, and grew to become the largest bank in the region.

Muthoka’s re-election as chairman follows the extension of the contract of Chief Executive Officer Dr. Martin Oduor-Otieno.

Oduor-Otieno has occupied the post of CEO for three years, and the KCB extended his contract for a further two years beyond the initial expiry date.

 

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