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Former Safaricom Boss takes Helm at Kenya Airways
Kenya Airways could well be on the way back to profitability if the recent appointment is anything to go by.
Michael Joseph has been elected Chairman of the Board of Kenya Airways. Joseph is the founding chief executive of telecommunications firm Safaricom, the most profitable company in East Africa.
The company’s subscriber base grew from 18, 000 to more than 17 million during his 10-year tenure and he steered the launch and phenomenal growth of mobile money transfer service M-Pesa and its related services.
Joseph is currently the Director of Mobile Money at the Vodafone Group Services Limited where he is responsible for leading the strategic growth and development of M-Pesa across the Vodafone footprint.
He also serves as a non-executive Director on the Boards of Vodacom Group South Africa, Vodacom Tanzania, Vodacom Mozambique, Vodacom DRC and Safaricom Limited.
In 2011, Joseph was appointed one of the first World Bank Fellows to advice governments, regulators and other institutions on mobile money and other ICT initiatives.
He brings to Kenya Airways extensive international experience. He will be expected to oversee the implementation of Operation Pride, a turn-around strategy to rescue the struggling airline which posted a Kshs26.2 billion loss for the financial year ended March 2016.
Joseph takes over from Ambassador Dennis Awori who resigned to pursue other interests.
He joined the carrier’s Board as a Director in September 2016. Michael Joseph’s role at the helm took effect on October 26, 2016.
Source: Footprint to Africa