MICHAEL JOSEPH FORMALLY ELECTED CHAIRMAN OF THE KENYA AIRWAYS BOARD OF DIRECTORS
(Posted 26th October 2016)
Kenya Airways is pleased to announce that at its meeting held on 26th October 2016, Mr. Michael Joseph was elected Chairman of the Board of Kenya Airways Limited with effect from 26th October 2016 to replace Amb. Dennis Awori who resigned with effect from 26th October 2016 to pursue other interests.
On behalf of the Board of Directors of Kenya Airways and staff, did CEO Mr. Mbuvi Ngunze take this opportunity to thank Amb. Awori for his able leadership and dedication to the Airline at a very difficult time. Under his leadership, the Board and Management have put in place Operation Pride, our turnaround programme that includes measures that in the long term will enable the airline to strengthen its balance sheet and resume shareholder returns. The initiatives put in place under Operation Pride have started to bear fruit with a significant improvement in the financial performance of the Company compared to a similar period last year.
Michael Joseph has extensive international corporate experience and is currently employed by Vodafone Group Services Limited as the Director of Mobile Money and is responsible for leading the strategic growth and development of successful M-Pesa proposition across the Vodafone footprint. Michael also serves as a non-executive Director on the Boards of Vodacom Group South Africa, Vodacom Tanzania, Vodacom Mozambique, Vodacom DRC and Safaricom Limited. He was one of the first World Bank Fellows, appointed in March 2011 to advise Governments, Regulators and other institutions on Mobile Money and other ICT initiatives.
Previously, Michael was the founding CEO of Safaricom Limited, steering the company from a subscriber base of less than 18,000 in 2000 to over 17 million subscribers at his retirement in November 2010 making it the most successful company in East Africa. This phenomenal growth straddling nearly a decade was notable for the launch of many innovative products and services and he was behind the launch of the highly successful launch and phenomenal growth of M-Pesa and its related services. He has extensive international experience in company start-ups, the implementation and operation of large wireless and wire-line networks. Michael joined the Kenya Airways Board as a Director on 29th September 2016 after he was elected at the Annual General Meeting of the company.
Said Mr. Mbuvi Ngunze, Group Managing Director and CEO of Kenya Airways when breaking the news a few moments ago:
‘On behalf of the Board of Directors of Kenya Airways and staff, I wish to take this opportunity to offer Mr. Michael Joseph our most sincere congratulations on this appointment and confirm our full support to him as he takes over the Chairmanship of the Board of Kenya Airways. We wish him every success as he assumes his new responsibilities. We have no doubt that under his leadership and guidance, with the support of management, staff and the Board, the airline will steer to greater heights‘.