Telkom Kenya has appointed Mugo Kibati as its new Chief Executive Officer (CEO).
Kibati, the immediate former Sanlam Kenya PLC Group CEO, has held other senior leadership positions in both the public and private sector, including being the founding Director General of Kenya’s Vision 2030 Secretariat and serving as Group Managing Director and CEO at East African Cables PLC.
He is an Electrical Engineer and holds a B. Tech (Electrical Engineering) Degree from Moi University (Kenya), a Master of Science Degree from the Massachusetts Institute of Technology (USA) and a Master of Business Administration Degree from George Washington University (USA).
He started his career as an Electrical Engineer at Bamburi Cement (LafargeHolcim) in Kenya and also worked as a Market Development Manager at Lucent Technologies in the USA.
Kibati has also held non-executive Board positions in various institutions and is currently the Chair of the Board of Directors at Lake Turkana Wind Power Limited.
He is taking over from Aldo Mareuse who is moving on to pursue other interests having led the company from mid-2016.
Announcing the transition at the company today, Telkom Kenya Board Chairman Eddy Njoroge said that Mareuse saw the company’s network expand by over 50 per cent.
“Notable milestones achieved during his tenure include the successful rebranding of the company to Telkom and rolling out of a 4G network, resulting in the company becoming the data operator of choice in the market. We wish him the very best in his future endeavours.”
Mareuse said: “Since joining the company three years ago, we have made significant progress in the transformation journey initiated following the change in ownership. I would like to thank both management and staff for their dedication to the mission and incredible level of hard work put in to get us this far. I also wish to thank the Board, as well as the Shareholders for the support extended to the team and I, wish Mugo and the Company great success in the years ahead.”
Kibati said he was delighted to be joining Telkom at a critical moment of its transformation saying he looks forward to getting Telkom to the next level of its development in the near future.
In October, the company announced that it was laying off about 500 employees in an intended workforce-restructuring exercise.
The company added, “To enable Telkom to invest more into the growth and sustainability of its business, it must align its cost structure and skill-set with its strategy. This requires Telkom to restructure its business, and as a result, this will impact the current and long-term needs of its workforce. This restructuring will enable Telkom to not only invest in its business but more importantly in its people.”
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