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Nairobi Business Monthly
Home»Briefing»Michael Joseph resigns from Safaricom board
Briefing

Michael Joseph resigns from Safaricom board

Antony MutungaBy Antony Mutunga9th August 2023Updated:9th August 2023No Comments2 Mins Read
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BY SILAS APOLLO

Safaricom’s founding chief executive officer Michael Joseph quits from the board of the company after serving in different capacities for 23 years

The Safaricom board, in a statement issued today, said that Joseph had resigned to pursue and focus on other ventures in his life including continuing his current role as chairman of the Kenya Airways.

The Nairobi Law Monthly September Edition

Joseph, who served as the director at the board of Safaricom Plc, resigned effective August 1, 2023, according to the statement released by Safaricom company secretary Kathryne Maundu.

“The board announces the resignation of Michael Joseph as a director in the board of Safaricom Plc, with effect from August 1, 2023,” Maundu said. “Michael was the founding chief executive officer of Safaricom Limited, steering the company from a subscriber base of less that 18,000 in 2000 to over 17 million subscribers by his retirement in November 2010, making it the most successful company in East Africa.”

He has served in various capacities at the telco since 2000, including serving as general manager, chief executive officer, director as well as the chairman of the board. He was also a member and chairman of various committees of the Safaricom board.

Michael Joseph leaves Safaricom after 23 years to pursue and focus on other ventures in his life including continuing his current role as chairman of the Kenya Airways.

Joseph was also behind the launch of both Safaricom and M-Pesa Foundations which have supported many projects throughout Kenya in education, health, culture and conservation.

He also alongside former chief executive officer, the late Bob Collymore, launched the M-Pesa foundation academy, and oversaw the “successful launch and phenomenal growth of M-Pesa and its related services” during his tenure.

“It is this deep foundation and connection with the communities that Michael developed that led to the phenomenal growth, development of innovative products and services, ensuring that Safaricom became deeply embedded in every bit of our society,” Safaricom said.

The Nairobi Law Monthly September Edition
East Africa general manager Kathryne Maundu m-Pesa foundation Michael Joseph Safaricom Safaricom founder Safaricom Limited Safaricom's founding CEO since 2000
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Antony Mutunga

Antony Mutunga holds a Bachelors degree in Commerce, Finance from Jomo Kenyatta University of Agriculture and Technology. He previously worked for Altic Investment & Consultancy before he joined NBM team in 2015. His interest in writing ranges from business, economics and technology. He is also our lead researcher in matters business.

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