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Succession Planning for Safaricom

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VituVingiSana		#11 Posted : Tuesday, January 19, 2010 11:35:14 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@mukiha - I agree with you BUT with major reservations... coz as Kenyans we have sacrificed quality on that basis... The judiciary became a tool of dan moi after the 'kenyanisation' rule... I mean I understand what you are saying but at certain levels we should pick the best & brightest... The head of the ECK (IIEC or whatever they call it) should be a foreigner from a friendly country... Seriously... I don't want someone calling the jamaa & talking in vernacular like ka-loser did with kivuitu... On a personal level, my best teachers in High School were Ugandans until they were chased out... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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mukiha		#12 Posted : Wednesday, January 20, 2010 5:51:24 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		...BTW; who is the Chairman of SCOM? @All: Perhaps the question then is: whom do you think would make a good successor to MJ? 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		#13 Posted : Wednesday, January 20, 2010 6:43:08 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		@mukiha, Mr. Nicholas Nganga, Chairman Mr. Nganga joined the Board of Safaricom Ltd. on 6 May, 2004 and was elected Chairman on 16 January, 2007. The holder of a BA degree from Makerere University, he served as Permanent Secretary in the Ministries of Finance, Foreign Affairs and Health and has been extensively involved in the tea industry. Currently, Mr. Nganga is also Chairman of G4S Security and Vice-chair of the Council of the University of Nairobi. You know I've noticed board positions in current government are used to reward connected people. Don't know how this augurs for corporate governance, but it's the life we live.
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Ric dees		#14 Posted : Wednesday, January 20, 2010 6:55:42 AM
Rank: Member Joined: 3/6/2008 Posts: 632		I am in agreement with the fact that quality above else should be key. I think in the past most of this companies shied away from from locals not because they were not qualified but it's the aspect of PEP's ( Politically Exposed Persons) and history had judged that once you have such a person at the helm then it's a spiral down from then on. More often than not a brilliant mind was head hunted and 2-3 years down the line you wonder what the hell they have been smoking, case in point there was a brilliant chap from Cambridge head hunted now the MD of xxxxx but everyday i wonder and ask my self the above question. Hinc lucem et pocula sacra... The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic.
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Wa_ithaka		#15 Posted : Wednesday, January 20, 2010 7:31:34 AM
Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi		Please note Vodafone is the one that chooses the CEO and CFO so unlikely to be a Kenyan or African for a long while. Assuming he didn't need telecom experience to be CEO, my choice would be Kipngetich the KWS head or the ex-New KCC CEO The Governor of Nyeri - 2017
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VituVingiSana		#16 Posted : Wednesday, January 20, 2010 7:31:57 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		For firms I have invested in... I want the best person for the job... Kenyan or not! For the competition to 'my' firms... a Kenyan... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Intelligentsia		#17 Posted : Thursday, January 21, 2010 6:52:25 AM
Rank: Elder Joined: 10/1/2009 Posts: 2,436		Who holds the SCOM fort when MJ is AWOL? Most likely his CFO. This happens in many corporates, because the finance dept is a critical nerve centre of any organisation. In most cases CFOs have a head start in the succession race. But the jury is still out on whether bean counters make the best CEOs?
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mozenrat		#18 Posted : Thursday, July 22, 2010 5:33:44 PM
Rank: Veteran Joined: 5/18/2008 Posts: 796		News news news news !!!!!
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