The Kenya Commercial Bank (KCB) has appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO).
Mr. Russo replaces Mr. Joshua Oigara who has been the GCEO for the last nine and a half years.
"The KCB Group PLC Board has today appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective May 25, 2022. He replaces Mr Joshua Oigara who has been the GCEO for the last nine and a half years," KCB said in a statement.
According to the statement issued on Tuesday, May 24, Oigara will be available for a period of time to support a smooth transition.
"Joshua Oigara will be available for a period of time to support a smooth transition. The appointment follows a competitively run selection process that kicked off in March 2022. Paul Russo brings a wealth of experience in banking, operational management, people management, strategy, and sharp business acumen. He is currently the Managing Director of National Bank and the KCB Group Regional Business Director," part of the statement read.
KCB Group Chairman Andrew Kairu said, "Paul Russo is the right person for the job & will take us to the next level in its growth ambitions to become the undisputed regional leader and drive much-needed business transformation for greater impact of economies and communities around us.
“Joshua has left a solid legacy for KCB across Africa & beyond that is dotted by transformation of millions of lives, enhanced financial inclusion across the region, digital banking innovations & has built a Group that is anchored on sustainable business practices."