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Business Management analysis

One of Kenyan's top CEOs is expected to leave a monthly salary of 22 million as he exits

Kenya commercial bank chief executive officer, Joshua Oigare, is expected to prematurely exit from his lucrative position this week.

Mr. Oigare was expected to retire 6 months from now but he has decided to leave the office earlier. He has served the financial group for approximately 10 years since December 2013.

He is one of the top most payed chief executive officers in the country as he comes the second in the list with a monthly salary of 22 million.

In his period of service in office, the CEO has made great achievements within the KCB group. As at 2013 , KCB had a net profit of 14.3 billion but the entrance of Oigare has seen the bank's net profit shoot to 34.2 billion as at 31st December 2021.

Also during Oigara's tenure, KCB has acquired the BPR bank of Rwanda and the CEO planned for an amalgamation of the two banks in Rwanda.

KCB group is expected to temporarily employ NBI CEO, Paul Russo, as it's CEO for a short period of time as it's seeking a new permanent CEO.

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