Stanbic Holdings PLC has picked former Nation Media Group (NMG) CEO Joseph Muganda to
chair its board from January 1, 2024, following the retirement of Kitili Mbathi who has held
the position since May 9, 2019.
In a public notice on Thursday, the lender said Mr Mbathi will be proceeding on retirement
as director and chairman on December 31, 2023, ending his 16-year service at the
company’s board which he joined as a non-executive director on October 9, 2007.
On his part, Mr Muganda joined the bank’s board as an independent non-executive director
on October 12, 2021, after a stellar C-suite career leading major blue-chip companies in the
country for over 25 years.
Source: Business Daily
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