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KCB Group Appoints New CEO as Joshua Oigara Exits

by Zablon Ondari
2 mins read

Kenya Commercial Bank (KCB) Group PLC has announced the appointment of Paul Russo as its Chief Executive Officer with effect from today, 25th May 2022.

Russo replaces Joshua Oigara, who has been leading the group for the last nine-and-a-half years.

“The KCB Group PLC Board has today appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective May 25, 2022. He replaces Mr Joshua Oigara. who has been the GCEO for the last nine-and-a-half years,” says a statement sent out by the bank.

According to the bank, Oigara will be available for a period of time to support a smooth transition

His appointment follows a competitively run selection that started in March 2022.

The bank says that Russo brings a wealth of experience in banking, operational management, people management, strategy, and sharp business acumen.

He is currently the Managing Director of National Bank and the KCB Group Regional Business Director.

“Paul Russo is the right person for the job and will take us to the next level in its growth ambitions to become the undisputed regional leader and drive much-needed business transformation for greater impact of economies and communities around us,” KCB Group Chairman Andrew Kairu.

The board commended Oigara for his service to the Group since joining in 2011.

“Joshua has had a fantastic run as the Group CEO and MD and has led the Group through its fastest growth in a decade.

“He has left a solid legacy for the Group across Africa and beyond that is dotted by transformation of millions of lives, enhanced financial inclusion across the region, digital banking innovations and has built a Group that is anchored on sustainable business practices.”

Russo has an MBA degree from Strathmore University Business School and a Bachelor of Business Management from Moi University. He also holds a Senior Executive Program for Africa Certificate from Harvard Business School and a Higher Diploma in Human Resource Management from the Institute of Human Resource Management (Kenya).

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