By Agency
Money & Careers
Safaricom CFO, Sateesh Kamath, has been appointed to the role of Chief Financial Officer Vodafone
Business, effective July 1.
Safaricom CFO, Sateesh Kamath, has been appointed to the role of Chief Financial Officer Vodafone Business, effective July 1.
He will be reporting to Vinod Kumar, Chief Executive Officer Vodafone
Business, and will become a member of the Vodafone Group Finance
Leadership Team. Safaricom says will announce his successor in due
course.
Sateesh joined Safaricom PLC as CFO and Executive Director on the board
four years ago from Vodacom Tanzania, where he held a similar position.
He is credited with, among many other achievements, helping to build
Safaricom shareholders’ value by 50 per cent to Sh1.2 trillion and
improving business performance through Fit for Future Initiatives adding
6 percentage points on EBIT margin.
He played a key role in completion of the acquisition of M-PESA Joint
Venture from Vodafone and the purchase of a critical spectrum while
ensuring efficient use of the company’s funds.
He also assumed broader responsibilities in navigating the company
through the phase when Bob Collymore was on medical leave and through
transitions thereafter.
In his four-year tenure, Sateesh built a reputation as an outstanding
finance expert in the region, a leader and a mentor, qualities that we
at Safaricom have benefitted greatly from and we will deeply miss. He
will leave behind a very strong team.
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