KCB Announces New Leadership Changes After AGM [Full Details]

Shareholders of KCB Group Plc have approved several leadership changes during the lender’s 55th Annual General Meeting held virtually on Thursday, May 21, 2026.

According to a notice dated Friday, May 22, 2026, issued by the Company Secretary, Bonnie Okumu, the meeting saw shareholders vote in favour of the re-election of several board members, the appointment of a new auditor, and changes to the board audit committee as the bank continues to restructure its leadership.

“The Board of Directors of KCB GROUP PLC is pleased to announce the results of voting for the resolutions that were put forward for determination by shareholders at the Annual General Meeting held on Thursday, 21 May 2026,” read part of the notice.

Among the key resolutions passed was the re-election of board members Lawrence Njiru, Anuja Pandit and William Asiko, who retired by rotation and offered themselves for re-election.

KCB Approves New Board Leadership Changes

Shareholders also approved the election of Lyn Mengich to the board after she had been appointed earlier to fill a casual vacancy.

In another key decision, shareholders voted to retain Joseph Kinyua as a director despite having attained the age of 70.

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The approval was made in line with corporate governance guidelines that require shareholder consent for directors above the age threshold to continue serving.

The AGM further approved the continuation of Agnes Lutukai, Ahmed Mohamud and Anuja Pandit as members of the Board Audit Committee.

Lender Replaces Long-Serving Auditor

Shareholders also endorsed the appointment of KPMG Kenya as the new external auditor, replacing PricewaterhouseCoopers, whose six-year term came to an end after the meeting.

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The resolution to appoint KPMG Kenya received near-unanimous support from shareholders.

Apart from the leadership changes, shareholders also approved the bank’s audited financial statements for the year ended December 31, 2025, alongside a final and special dividend payout of Ksh3.00 per ordinary share.

KCB said all resolutions presented during the AGM were passed after receiving majority shareholder support.

The bank’s board, through Company Secretary Bonnie Okumu, thanked shareholders for participating in the virtual meeting.

“The Board of Directors wishes to thank all our shareholders who registered and participated in the virtual Annual General Meeting,” said the Company Secretary.

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KCB Group CEO Paul Russo speaking at a past function. PHOTO/KCB