Editor's Review
Standard Group PLC Chief Executive Officer Chaacha Mwita has resigned from his position, with his departure set to take effect on November 1.
Standard Group PLC Chief Executive Officer Chaacha Mwita has resigned from his position, with his departure set to take effect on November 1.
In a notice on Friday, October 16, the media company confirmed that Mwita will also leave his position as an executive director of the company.
"Pursuant to the provisions of Paragraph 10 of the Thirteenth Schedule of the The Capital Markets (Public Offers, Listings, and Disclosures) Regulations, 2023, the Board of Directors of The Standard Group PLC wishes to notify its shareholders and the general public of the resignation of Chaacha Mwita, as Chief Executive Officer and an Executive Director of the Company, effective 1st November 2026," the notice read.
Standard Group also acknowledged Mwita's contribution to the company during his tenure, expressing gratitude for his service as he prepares to exit the organisation.
"The Board takes this opportunity to express its sincere appreciation to Chaacha for his dedication and invaluable contribution to the Company. The Board wishes him every success and the very best in his future endeavors," the notice added.
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Mwita was appointed to the role in April.
In a statement issued by the Board of Directors on Wednesday, April 1, the company announced that Mwita’s appointment took effect immediately.
"In compliance with the requirements of the Capital Markets Regulations, 2023, the Board of Directors of the Standard Group PLC wishes to notify its shareholders and the investing public that Chaacha Mwita has been appointed as the substantive Chief Executive Officer (CEO) of the Company with effect from 1st April 2026," the statement read.
Mwita had been serving as Acting CEO since July 2025, a period during which he is credited with providing strategic direction and ensuring operational stability.
During this time, he also oversaw the continued implementation of the company’s business objectives.
Explaining the decision to confirm him in the role, the Board noted that Mwita’s performance and leadership qualities met the expectations required for the position after a thorough review process.
"Following a comprehensive evaluation of his performance and a structured appointment process, the Board is satisfied that Mwita has demonstrated the requisite leadership capability, experience and integrity to assume the role on a substantive basis," the statement added.
The Board further highlighted Mwita’s professional background, highlighting his experience in leadership, operations, and corporate strategy.
"Mwita is a seasoned professional with extensive experience in leadership, operations and corporate strategy. He brings a strong track record in organizational management, stakeholder engagement and execution of strategic initiatives," the statement further read.
Academically, Mwita holds an MBA from the University of St. Gallen in Switzerland, a Post-Graduate Diploma in Mass Communication, and a Bachelor of Education degree from the University of Nairobi.
