Safaricom’s Chief Financial Officer (CFO), Mr. Sateesh Kamath, is taking up the same role at Vodafone Business, effective first of July, 2020. He will be reporting to Vinod Kumar, Chief Executive Officer, Vodafone Business. Kamath will also become a member of Vodafone Group finance leadership team. According to Mr. Peter Ndegwa, Safaricom’s Chief Executive Officer, his successor will be announced in due course.
Kamath joined Safaricom as CFO and Executive Director on first August 2016 from Vodacom Tanzania, where he held a similar position. He is credited with among many other achievements, helping to build Safaricom shareholders’ value by fifty per cent to Kshs. 1.2 trillion.
Kamath also played a key role in completing the acquisition of M-Pesa joint venture from Vodafone and purchase of critical spectrum while ensuring efficient use of the company’s funds. Moreover, he assumed broader responsibilities in navigating the company through the phase when Bob Collymore was on medical leave and the transitions thereafter. “ In his four-year tenure, he built a reputation as an outstanding finance expert in the region, a leader and a mentor, qualities that we at Safaricom have benefited greatly from and we will deeply miss,” said Mr. Ndegwa adding that he will leave behind a very strong team.