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Succession Planning for Safaricom

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muganda		#1 Posted : Tuesday, January 19, 2010 8:46:06 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		Must admit only dull point in the interview was the successor issue. These companies with very strong leaders... now what happens with proper succession planning... Well at least Vodafone would give guidance.
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VituVingiSana		#2 Posted : Tuesday, January 19, 2010 9:27:03 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Well, he does still enjoy his job so... expect him to be around for now... I think the next head of safaricom will be Kenyan... I just hope the next jamaa/ess continues the innovations... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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mukiha		#3 Posted : Tuesday, January 19, 2010 9:53:55 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		@VVS, didn't I hear that MJ is now a Kenyan; that he naturalised himself? Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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muganda		#4 Posted : Tuesday, January 19, 2010 10:00:16 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		@mukiha, actually he's an American citizen I think, though may have been born in South Africa. And I wonder whether sometimes you need to be a foreigner to really appreciate a country. Many times, Kenyans take Kenya for granted. About the next CEO being Kenyan, I'd be surprised going by CFO appointment not long ago; and I expect both CEO and CFO must be Vodafone appointees. Anyway, nationality doesn't matter, performance first, no compromise!
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mukiha		#5 Posted : Tuesday, January 19, 2010 10:21:53 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		@Muganda; What do Etemesi (SCBK), Mohamed (BBK), Mahinda (formerly, EABL) and Naikuni (KQ) have in common? They are all Kenyans running foreign owned major companies...and doing a good job at it. You never know, Vodafone may hunt down for an exceptional Kenya to take over from MJ. And you never know, he/she might do wonders at SCOM till we start asking why MJ stayed on for so long.... Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana		#6 Posted : Tuesday, January 19, 2010 10:34:51 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		MJ was S.African but is now American... He went to univ in S.Africa (& you can discern his accent as well)... but in the prospectus he is shown as American (unless S.Africa allows dual citizenship). Of course, may kajwang convinced MJ to convert... Or MJ wants to stand for elections... Or MJ wants to work for RAO... I can guarantee... MJ will not be messed with regarding work permits in Kenya... at least for the moment... 800,000 Kenyans will protest!!! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#7 Posted : Tuesday, January 19, 2010 10:37:04 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@mukiha - I concur with @mugunda that PERFORMANCE is more important but just like the firms you mentioned... the Kenyan should be picked on merit... BTW, I believe each one the names you picked took over from an expat... BUT I think we should leave MJ where he is for now... he knows this market better (it seems) than anyone else... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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mukiha		#8 Posted : Tuesday, January 19, 2010 11:15:30 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		@VVS & @ muganda (are you Ugandan?); merit is important, but sometimes a company may want to project an image of belonging to the country it operates. Thus merit and PR and mixed in the equation for selecting the CEO. the companies I have mentioned relised that having a Kenyan Chairman of the Board in a non executive capacity is not enough.... May be we should start a thread on selecting a CEO.... In the meantime, SCOM dips below 6bob Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Much Know		#9 Posted : Tuesday, January 19, 2010 11:16:24 AM
Rank: Elder Joined: 12/6/2008 Posts: 3,579		Yes PERFORMANCE, can you imagine if Moi was to select the next CEO where the government had 55% ownership? He will bring Dr. Kiplangat arap Ngeno ( a Music and P.E lecturer from Egerton), next thing you hear is cash being ferried to statehouse in a briefcase every Friday. I feel pain when i remember those days, till now we prefer mzungus Ras Kienyeji Man
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Chaka		#10 Posted : Tuesday, January 19, 2010 11:22:58 AM
Rank: Elder Joined: 2/16/2007 Posts: 2,114		@MK, I think he would bring DR.D.Koech the ex KEMRI MD. He seems to have very good experience in dipping his fingers in the till.. BTW what happened to KEMRON?
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