The Nation Media Group (NMG) Board has announced the retirement of Stephen Gitagama as Group Chief Executive Officer.
In a notice on Friday, July 19, NMG Board Chairman Wilfred Kiboro said the retirement will take effect on August 1, 2024.
“The Board hereby announces the retirement of Mr. Stephen Gitagama as the Group Chief Executive Officer and Executive Director of the Company with effect from 1 August 2024,” read the notice part.
Gitagama joined NMG in September 2007 as Group Finance Director and served diligently until June 2018, when he was promoted to Group Chief Executive Officer.
He has also served as an Executive Member of the Board of Directors since March 2008 and was also a Director of the Group’s Subsidiary Companies and a member of the Company’s Strategy and Investments Committee and the Nominations and Governance Committee.
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“On behalf of the Board, we extend our deepest appreciation and gratitude to Mr. Gitagama for his dedication and contribution to NMG over the years, and wish him the very best in his future endeavours,” said Kiboro.
At the same time, the NMG board appointed Richard Tobiko as the Interim CEO effective August 1, 2024.
Tobiko rejoined NMG in October 2018, as Group Finance Director and has previously worked with several leading local and global organizations in the manufacturing and service sectors; including, African Development Bank (AfDB) as Financial Management Consultant, General Electric (GE) as Centre Leader for Sub Sahara Africa Shared Services Hub and Al Jazeera Media Network as Director of Finance.
The incoming NMG CEO has also worked at KETRACO where he was General Manager, Finance and Strategy.
Tobiko holds an MBA from Warwick Business School, University of Warwick (UK), and a Bachelor of Commerce (Accounting Option) degree from the University of Nairobi.
He is a Certified Public Accountant (CPA - K) and a member of the Institute of Certified Public Accountants of Kenya (ICPAK).
