Bob Collymore, the chief executive of part Vodafone owned Safaricom told reporters yesterday that said he intends to stay on for an extra year in his role.
Speaking on the sidelines of a meeting, the CEO of Kenya’s biggest telecoms operatorsaid: “I’m here until the year 2020”, despite it having been previously reported that his term was due to end in August.
“I kind of owed the company … and the board and I agreed we will stretch that for a year,” he added.
Last month, two company sources reportedly said that Collymore was planning to step down in August for health reasons, but the government’s insistence he should be succeeded by a Kenyan had delayed the announcement of a replacement.
Safaricom is 35 per cent owned by Vodacom and controls about 62 per cent of the Kenyan mobile market, with more than 30-million subscribers. Britain’s Vodafone has a 5 per cent stake and the Kenyan government 35 per cent.