Bob Collymore to exit Safaricom in August

Safaricom CEO Bob Collymore plans to step down in August for health reasons, but the government’s insistence he should be succeeded by a Kenyan has delayed announcing a replacement, two company sources have said.

Bob Collymore took a nine-month medical leave in late 2017 to return to his native England to battle cancer, and has now indicated he wants to step down, the sources told Reuters.

“He wants to concentrate on his health so he did not wish to renew his contract,” said one of them, speaking on condition of anonymity as there has been no official announcement.

Collymore told Reuters yesterday that he was still in discussions with the board, adding it would make announcements on the chief executive position at a later date.

“I have every confidence that whether I’m here or not, that this company will run ... This is an institution. It is not a company which is just ran by a single person,” he said.

The board interviewed candidates, including a senior Kenyan banking executive, before settling on an unidentified foreign national from within the Vodafone group to succeed Collymore, one of the sources said.

But the government objected, citing an agreement supporting the appointment of a Kenyan as CEO, adopted at a shareholder meeting in 2017.

“The state has said ‘no’. They might have to negotiate,” said the source with knowledge of the succession process.

ICT CS Joe Mucheru said there had been no formal communication from the company on Collymore’s successor.

However, he said he would be surprised if the board could not find a Kenyan to run the company, adding that part of Collymore’s remit was to groom a local successor.

“I would be very surprised if they can’t find a Kenyan. It will be hard for them to justify, what is so special about telecoms?” Mucheru told Reuters.

Collymore, who said he had acquired Kenyan citizenship in recent years, said skills were more important than nationality. Kenyan law allows dual-nationality.

“You have to get the right person for the job. It might be a Kenyan, it might not be a Kenyan,” he said.

Such tensions are not unique to Kenya. Air France-KLM ruffled feathers in France last year when it picked its first foreign CEO.