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MJ retires from Safaricom BOB COLLYMORE takes over from 1st Nov
2012
#11 Posted : Thursday, July 22, 2010 6:09:46 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
@guru267

So are we buying SCOM @4.5?smile

BBI will solve it
:)
youcan'tstopusnow
#12 Posted : Thursday, July 22, 2010 6:19:41 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
2012 wrote:
@guru267

So are we buying SCOM @4.5?smile

Laughing out loudly
GOD BLESS YOUR LIFE
youcan'tstopusnow
#13 Posted : Thursday, July 22, 2010 6:21:55 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Hopes of a Kenyan c.e.o dashedSad
GOD BLESS YOUR LIFE
kadonye
#14 Posted : Thursday, July 22, 2010 6:27:17 PM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
Got it

http://www.nation.co.ke/...4/-/w62hv5/-/index.html

Don't expect any significant change in price
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
Gatheuzi
#15 Posted : Thursday, July 22, 2010 6:27:27 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Let's not concentrate on whether the CEO is Kenyan or british. What we want are results. After all the Vodafone guys are the majority shareholders.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
VituVingiSana
#16 Posted : Thursday, July 22, 2010 6:33:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
http://www.ratio-magazin...Collymore-Successor.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
muganda
#17 Posted : Thursday, July 22, 2010 6:36:04 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Michael Joseph, 65, ‘I have been the CEO of Safaricom for the past 10 years and I believe the time has now come for me to hand over the reigns of the company to someone else.

Bob Collymore, 52, For the past four years, Mr Collymore has lived in South Africa where he worked as Governance Director for Africa. In 2009, he joined the Vodacom management team as Chief Officer for Corporate Affairs. He has been on the board of Safaricom for the past four years

Nicholas Nganga, 70, We owe Michael Joseph a huge debt of gratitude for his leadership and the passion he has for Safaricom. We are very pleased that Michael has accepted our request to stay on in an advisory role for a two-year period.

KulaRaha
#18 Posted : Thursday, July 22, 2010 6:59:03 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
my sources say its someone called Bob. Anyone with details?
Business opportunities are like buses,there's always another one coming
cnn
#19 Posted : Thursday, July 22, 2010 7:03:21 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@kularaha,search an ongoing thread.
PKoli
#20 Posted : Thursday, July 22, 2010 7:19:48 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Safcom shares are unlikely to be affected much since MJ is still in the scene, having been retained as an advisor.

A few organizations that suddenly had their main guy at helm leave or die suffered greatly. Coke had problems when Roberto Goizeta died in office. Under the leadership of Ivester Coke made a series of plunders affecting detrimentally the Coke share. The main shareholders lead by Warren Buffet had to finally kick out Ivester.

Atleast MJ will be around for a while. I do not see any mass selling of the shares. Anything below 5.5 I am in
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