The Standard Chartered Bank Kenya board of directors has announced the appointment of Kellen Eileen Kariuki as the new chair with effect from 30th May 2021.
The appointment follows the retirement of Patrick Obath, who has served in the position for nine years.
“Patrick retires from the board having served for nine years as an independent non-executive director and as the board chair from May 2019. His retirement is in line with corporate governance best practices guided by the Code of Corporate Governance for Issuers of Securities to the Public, 2015,” the bank said in a statement.
Kariuki was appointed as an independent non–executive director of the board on 10th February 2020.
She was the first CEO and Managing Trustee of the Unclaimed Financial Assets Authority (UFAA) and worked at Citibank for over two decades, serving in different senior leadership positions covering markets in Africa, Middle East and Pakistan.
She is currently the Managing Director of Feruzi Holdings and a non-executive director of the Amref Health Africa International and Amref Flying Doctors boards. Kellen is also currently a non-executive board member of the Strathmore University Foundation and a Founding Member of the Board of Advisors of Strathmore Business School.
She has previously served on various boards, including as the chairperson of Citibank Tanzania, a non-executive director of Resolution Insurance, and a non-executive director of Citibank Uganda. She has also been chairperson of the Citibank Kenya Provident Fund, nominee director of the IFC, and a non-executive director of the Kenya Roads Board. She has also served as an elected council member of ICPAK.
She holds a Master of Science (MSc) degree in International Human Resource Management from Cranfield University in the UK. She also holds a Master of Business Administration (MBA) degree in Strategic Management and a Bachelor’s degree in Accounting both from the United States International University-Africa. She is currently a PhD candidate at Strathmore University Business School.