Equity Bank CEO James Mwangi at a past event. [Source/ Equity Bank Kenya] Equity Bank Chief Executive Officer Dr James Mwangi on Tuesday revealed that he is not planning on retiring soon.
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Dr Mwangi, while announcing the company’s net profit which increased by 12 per cent in nine months, said he will consider retiring when he hits 75.
Mwangi, 57, said he won’t mind working until 2040 to increase the bank’s outreach across the continent as enshrined in its vision .
“The earliest may be on my own volition that I would ask to retire is when I turn 75,” said Mr Mwangi.
“I have another 20 years. I take consolation from one of my role models, Warren Buffett, who is still chief executive at the range of 87,” he added.
He said that he’s ready to see the company performing well at the Nairobi Stock Exchange, adding that the fast growth reflects tremendous working relationship in the company.
“The faster growth in total income above net interest income reflects success of the strategic pursuit of the group to grow quality income through non-funded income growth,” said Mr Mwangi.
Currently, Equity has expanded to Tanzania, Uganda, South Sudan and Rwanda, and has intentions to spread wings to DR Congo and Burundi.