The immediate former Nairobi deputy governor Polycarp Igathe has been confirmed and named the Managing Director of Equity Bank Kenya. This comes five months after joining Equity Group, after leaving his place at the City Hall in January 2018, where he deputised Governor Mike Sonko.
Following the developments, Dr James Mwangi will now serve as the Group Chief Executive and Managing Director providing overall strategic direction and oversight to the Group.
Speaking while making the announcement, Dr Mwangi said “The Board has completed the process of separating the operations and management of the Kenya subsidiary from that of the Group and appointed Polycarp the Managing Director of Equity Bank Kenya. Polycarp’s strong values and passion have enabled him to quickly fit well in the Equity Group organizational culture.
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He has distinguished himself as a results oriented and committed business leader who is renowned for fostering productive partnerships with external stakeholders and customers, resulting in delivery of outstanding company results. He has taken over a very successful subsidiary and market leader. We believe he has the skills, competence, capability and vision to retain Equity Bank Kenya in its leadership position while taking it to the next level.”
Before his short stunt in politics last year, Igathe served as a CEO in various organisations such as Coca-Cola SABCO, Africa Online, EABL, Haco Industries, Wines of the World, Tiger Brands International and Vivo Energy.
He has also served as Chairman Kenya Association of Manufacturers (KAM), Chairman Petroleum Institute of East Africa (PIEA), Director & Trustee Kenya Private Sector Alliance (KEPSA) and Chair Board of Management at BG Ngandu Girls High School.
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