This archive report was first published on 5 August 2019.
On August 5, 2019, Equity Group Holdings Plc announced the appointment of Gerald Warui as the 4th Managing Director of Equity Bank Kenya, marking a significant milestone in the bank's 35-year history.
Polycarp Igathe, who had been serving as Managing Director since January 2019, tendered his resignation to the Board, which was accepted on the same day. Igathe will rejoin his previous employer, Vivo, to take up a newly created role as Executive Vice President of Sales and Marketing for Africa.
As part of the transition process, Igathe will hand over his duties to Warui before his departure at the end of August. The Board has expressed confidence in Warui's ability to lead the bank, citing his extensive experience and strong leadership skills.
Warui, a career banker with over 30 years of experience, has served Equity Bank for 21 years. He holds an Executive Master of Business Administration degree from Jomo Kenyatta University of Agriculture and Technology (JKUAT) and is also a Certified Public Accountant CPA (K), and a graduate of Advanced Management Program offered by IESE Business School, Barcelona, Spain.
The Board congratulates Warui on his appointment and thanks Igathe for his dedicated and impactful service to Equity. The bank wishes Igathe well in his new role and looks forward to deepening the existing relationship with Vivo across the continent.
