The KCB Group PLC Board has appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective May 25, 2022.

Russo, whose appointment was announced on Tuesday, replaces Joshua Oigara, who has been the Group CEO for the last nine and a half years.

However, Oigara will be available for a period of time to support a smooth transition. The appointment follows a competitively run selection process that kicked off in March 2022.

KCB Group Chairman Andrew Kairu said Russo is the right person for the job and is sure to take KCB to the next level in its growth. 

"Paul Russo is the right person for the job & will take us to the next level in its growth ambitions to become the undisputed regional leader and drive much-needed business transformation for greater impact of economies and communities around us,” Kairu said.

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Kairu added that Oigara has left a solid legacy for KCB across Africa and beyond that has transformed the lives of millions.

Joshua Oigara. PHOTO/COURTESY

“Joshua has left a solid legacy for KCB across Africa & beyond that is dotted by transformation of millions of lives, enhanced financial inclusion across the region, digital banking innovations & has built a Group that is anchored on sustainable business practices" Kairu added.

Oigara exits from KCB after a 10-year stint.