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Nairobi Business Monthly
Home»Latest News»Family bank chairman dies weeks after appointment
Latest News

Family bank chairman dies weeks after appointment

NBM CORRESPONDENTBy NBM CORRESPONDENT19th June 2024Updated:19th June 2024No Comments2 Mins Read
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Family bank’s new board chair Francis Gitau Mungai died on Tuesday, June 17, while receiving treatment in United States just three weeks after he was picked to replace the retiring long-serving Wilfred Kiboro.

Mungai, a holder of a Master’s Degree in Architecture from the University of California, Los Angeles (UCLA) and a Bachelor of Architecture degree with First-Class Honours from the University of Nairobi, joined the board of Family Bank Limited in 2016 and has been serving as the Vice Chairman for the last two years before his recent appointment as chairman.

> Kiboro retires as Family Bank chairman; insider Mungai takes over

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>>>Family bank feted at ‘battle of the banks Africa’ competition

“He made invaluable contributions to the growth of the bank, and he will be missed immensely by all those who had the pleasure of knowing him,” a statement from Family Bank board, said, emphasizing that prior to joining the board, he had supported the it both as a customer and as an architect since 1996.

He chaired the Board Credit Committee and the Board Human Resource Committee. He was a member of the Nominations and Governance Committee and a Director of Pesa Pap Digital, a subsidiary of Family Bank Ltd.

“On behalf of the entire Family Bank fraternity, we would like to convey our sincere and most heartfelt condolences to his family, friends and the architectural community during this difficult period,” the lender said.

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