Mudhune leaves Safaricom board after nine years

Corporate governance consultant Susan Mudhune has stepped down as an independent director on the board of mobile operator Safaricom after serving for nine years. Mudhune was among top shareholders with directorship positions at Safaricom with 51,200 shares, coming just behind chief financial officer Sateesh Kamath who increased with 100,000 shares.

Chief executive Bob Collymore has the highest shareholding on the board at 1.52 million followed by former chief executive Michael Joseph with 1.18 million. Board chairman Nicholas Ng’ang’a has 855,100 shares and Esther Koimett, another director, has 517,600 shares.

Mudhune served as chairperson of lender KCB Group for five years from 2003. She became the first female director at industrial gases manufacturer Carbacid Industrial Investments when she joined its board in July 2017. Mudhune had earlier quit from the board of battery maker, Eveready East Africa, citing professional and personal commitments.

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