Oduor-Otieno set for comeback at BAT board

Corporate News

Mr Martin Oduor-Otieno. His appointment to the BAT board is effective August 1, 2016. PHOTO | FILE |  NATION MEDIA GROUP

By VICTOR JUMA, vjuma@ke.nationmedia.com

In Summary

• He had resigned as a non-executive director of the tobacco firm in July 2013 after serving in the position for six months.

Former KCB chief executive Martin Oduor-Otieno has returned to the board of British American Tobacco (BAT) Kenya, increasing the number of his directorships in the region.

Dr Oduor-Otieno had resigned as a non-executive director of the tobacco firm in July 2013 after serving in the position for six months.

The departure was meant to avoid a potential conflict of interest after he had been appointed as an executive of Deloitte East Africa, a firm that mainly takes consultancy jobs from listed companies.

READ: Oduor-Otieno quits as BAT Kenya director

ALSO READ: Martin Oduor-Otieno takes job at Deloitte

Dr Oduor-Otieno however recently resigned as a senior advisor (financial services) at Deloitte, removing the potential conflicts of interests that has also seen him rejoin the board of East African Breweries Limited (EABL) which he had also quit in 2013.

“I write to inform the Nairobi Securities Exchange (NSE) that the board of BATK has appointed Dr Martin Oduor-Otieno as a non-executive director effective August 1, 2016,” the cigarette manufacturer said in a statement.

“Dr Oduor-Otieno is no stranger to BATK having previously worked for the company and also served on the board as a non-executive director,” the company said, adding that it will benefit from his commercial and corporate governance skills.

This is the latest board appointment for Dr Oduor-Otieno who recently took up the role of a non-executive director at South Africa’s Standard Bank Group, the largest lender on the continent by assets.

READ: Oduor-Otieno set to become director of Standard Bank