The former Safaricom CEO Michael Joseph has officially resigned as the Safaricom Board Director after serving in the company for more than two decades.
In a press release dated August 8 and titled ‘Change in the Board’, the telecommunications company announced that Michael Joseph’s resignation was effective from August 1. He has been acknowledged as the company’s founding CEO and credited for steering the telco into success.
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According to the notice, Michael Joseph resigned from the board to concentrate on other endeavors in his life, such as continuing to serve as Kenya Airways’ chairman and as a director for several different companies. Since 2000, he has held several positions within the company, including General Manager, Chief Executive Officer, Director, and Chairman of the Board.
Michael Joseph is also acknowledged for being the driving force behind the establishment of the Safaricom Foundation and M-PESA Foundation alongside Bob Collymore, which have funded several initiatives across Kenya. His resignation comes just over a year after Safaricom changed the composition of the board when John Ngumi stepped down as chair.
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The board, through the company’s secretary Kathryne Maundu wished the outgoing director future success.
