Equity Bank (Kenya) Ltd Board has appointed Ambassador Erastus Mwencha, as the Chairman, taking over from Professor Isaac Macharia who was recently appointed Equity Group Holdings Board Chairman. Ambassador Mwencha, a career diplomat served as the Deputy Chairperson for the Africa Union Commission (AUC). Prior to that he was the Secretary General of the Common Market for Eastern and Southern Africa (COMESA) for ten years. He is described in international circles as a Pan Africanist with years of progressive experience in policy formulation and institutional transformation at national, regional and continental levels.
Speaking when handing over the Board leadership to Amb. Mwencha, Prof Macharia said, “We are honoured to have Ambassador Mwencha taking over the Board chairmanship of Equity Bank (Kenya) Ltd. His experience at the helm of AU Commission and COMESA will be instrumental strengthening Equity Bank Kenya’s catalytic role the country’s pursuit of becoming the economic hub for the region.”
He added,“Equity Bank Kenya is our leading subsidiary and a benchmark for its peers in the Group in championing strategic execution, growth and innovation.” He joins a highly talented Board and his leadership will be instrumental in taking the bank to its next level of growth as a technology led integrated financial services provider.” Prof Macharia added, “Despite the prevailing social economic slowdown occasioned by COVID-19 pandemic, I am confident that Ambassador Mwencha will lead the Board in supporting the management to navigate the current global COVID-19 crisis to emerge strong and thrive post the pandemic.
I wish him all the best in this role and promise him our support” Professor Macharia, a renowned ENT specialist has been on Equity Bank (Kenya) Ltd Board for six years four of which he served as chairman. His fellow Board members described him as “a passionate and committed leader with over arching positivity ,fairness and a sharp business acumen who brings the discipline and precision of a medical practitioner to the board.