Paul Russo has today been appointed KCB Group PLC Chief Executive Officer. This is effective May 25th 2022. He is immediately replacing Joshua Oigara who has been leading the group for the last nine and a half years.
The Group has said Mr Oigara will be available for a period of time to support a smooth transition. KCB says the appointment comes after a competitive selection process that ran from March 2022.
The bank says the new Group CEO, Paul Russo, brings a wealth of experience in banking, operational management, people management, strategy, and a sharp business acumen. He has until recently served as the Managing Director National Bank of Kenya and the KCB Group Regional Business Director. He has over 20 years of work experience spanning executive and key roles including Group Human Resources Director, KCB Group Plc.
Paul Russo holds an MBA from Strathmore University Business School and a Bachelor of Business Management from Moi University. He also holds a Senior Executive Program for Africa Certificate from Harvard Business School and a Higher Diploma in Human Resource Management from the Institute of Human Resource Management (Kenya).
The Group says Paul has consistently been a great leader of outstanding performance. Over the past 8 years while at KCB, he has been involved in the running of key strategic assignments within the Group business, lately looking after the regional businesses (KCB’s businesses in Tanzania, Rwanda, Burundi, Uganda, South Sudan as well as KCB Capital and KCB Bancassurance Intermediary) and National Bank of Kenya.
“He is therefore the right person for the job and will take the Group 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” said KCB Group Chairman Andrew Wambari Kairu adding that the Board is confident that he will carry on with the Group’s resolve to simplify the world of our stakeholders to enable their progress.
“During his tenure at NBK, he has executed a significant turnaround, moving the previously lossmaking business into profitability and on a trajectory for stronger growth into the future,” said the Group Chairman.
The Board commended Joshua for his service to the Group since joining in 2011. “Joshua has had a fantastic run as the Group CEO and MD and has led the Group through its fastest growth in a decade.
“He has left a solid legacy for the Group across Africa and beyond that is dotted by transformation of millions of lives, enhanced financial inclusion across the region, digital banking innovations and has built a Group that is anchored on sustainable business practices,” he added.