|
Getting your Trinity Audio player ready...
|
Samuel Kirubi, the outgoing Managing Director of Equity Bank Uganda, has been promoted to the position of Group Group Chief Operating Officer (GCOO).
He has been replaced by Anthony Kituuka, previously the Executive Director at the bank.
In a statement this morning, Equity Group said that, Samuel, had in his seven years of duty in Uganda, turned around the entity from No 16 to the 5th most profitable bank in Uganda and the 6th largest bank in deposits and assets.
“Samuel will oversee the enhancement of the Group’s capacity to deliver on its strategy by aligning people, processes, systems, commercial business and business risk to customers aspirations. He will work with all the banking subsidiaries to deliver globally benchmarked exceptional banking services and solutions and leverage on technology to drive efficiency and seamless customer experience characterized by ease and convenience of lifestyle,” read part of the statement.
Commenting about his appointment, Dr. James Mwangi, Equity Group Managing Director and Chief Executive Officer said, “As Equity rolls out its ambitious Africa Recovery and Resilience Plan with the aim of scaling its customer base to 100 million by 2025, this calls for the scaling up of our operations, footprint and distribution infrastructure driven by technologically driven digitization and virtualization of the Bank. The Board has expressed confidence in Kirubi’s capability, experience and deep knowledge of the transition culture in taking up this responsibility at a critical time of the bank’s growth and expansion.”
Samuel heads back to Group at the time Equity Bank is “undergoing internal business transformation towards delivering integrated financial services under the One Equity business model.”
“Samuel joins a highly talented team of C-suite executives tapped from some of the world’s leading business firms, providing a vastly experienced base of management executives and well equipped to drive the execution of Equity Group’s strategy,” adds the statement.
Samuel Kirubi, on his part said, he was both “delighted and humbled at the opportunity afforded to me by the board to steer the Group’s operations across the Group.”
“My tour of duty in South Sudan where I was in charge of Operations, then moved to Equity Bank Rwanda as the first Managing Director before being assigned to turn around Equity Bank Uganda has indeed prepared me for the role of Group Chief Operating Officer. My commitment to the Board is that I will uphold their expectations and work with my colleagues in taking Equity to the next level as we focus our eyes to making Equity the home of 100 million customers,” he said.
Prof. Isaac Macharia, Equity Group Holdings Plc Board Chairman congratulated Samuel for his “excellent track record of leading teams in different countries.”
“This experience has prepared him well to oversee Group operations in the different markets and we are confident that he will play his role effectively as the Group rolls out an ambitious Africa Recovery and Resilience Plan,” Macharia said.
Samuel holds a Masters Degree in Business Administration from Moi University and a BA in Economics and Statistics from Egerton University. He is a graduate of Advanced Management Program (Strathmore IESE Business School, Barcelona Spain).
He joined Equity Bank in 2001 and has gained vast experience in operations, marketing and customer service. He previously served as Chief Operations Officer in Equity Bank South Sudan from 2009. He was promoted to the Founding Managing Director of Equity Bank Rwanda in 2011 before being reassigned in the same position to Equity Bank Uganda in 2015.
Last year, Equity Bank Rwanda became the 2nd largest bank in Rwanda. During his tenure in Uganda, he turned the subsidiary from loss making to become the 5th most profitable bank in Uganda and the third most profitable subsidiary of Equity Group after Kenya and DRC. Prior to joining as a staff, Samuel was one of Equity Group’s pioneer interns in the bespoke Equity Leaders Program (ELP).