This archive report was first published on 11 June 2020.
On June 11, 2020, Safaricom announced that its Chief Financial Officer, Sateesh Kamath, would be leaving the company to take up a new role at Vodafone Business, effective July 1, 2020.
As CFO of Vodafone Business, Sateesh will report to Vinod Kumar, the current CEO of Vodafone Business, and will also become a member of the Vodafone Group Finance Leadership Team.
Before joining Safaricom in August 2016, Sateesh served as the CFO of Vodacom Tanzania Ltd.
During his four-year tenure at Safaricom, Sateesh played a key role in several significant initiatives, including the completion of the acquisition of M-PESA Joint Venture from Vodafone and the purchase of critical spectrum.
He is credited with helping to build Safaricom's shareholders' value by 50% to KES1.2 trillion and improving business performance through Fit for Future Initiatives, adding 6 percentage points on EBIT margin.
