Standard Group Director Resigns After Nearly Two Years in Office

The Standard Group Plc has announced the resignation of Michael Lusiola as an Independent Non-Executive Director, effective August 18, 2026.

In a notice dated August 27, the company said Lusiola joined the Board on September 2, 2024, and served for nearly two years before stepping down.

“The Board of Directors wishes to announce the resignation of Dr. Michael Lusiola as an Independent Non-Executive Director of The Standard Group Pic with effect from 18th August 2026,” read part of the notice.

Michael Lusiola Steps Down from Standard Group Board

Standard Group stated that during his time on the Board, Michael Lusiola brought extensive global business and leadership experience to the company.

The company said his contributions included insights into process improvement, corporate strategy, team management, board matters and stakeholder engagement.

“Dr. Lusiola joined the Board on 2nd September 2024 and has contributed extensive global business and leadership experience, as well as valuable insights in process improvement, corporate strategy, team management, board matters and stakeholder engagement,” Standard Group noted.

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Following his resignation, the Board thanked Lusiola for his contribution and commitment to the Group during his tenure and wished him success in his future endeavours.

“The Board takes this opportunity to thank Dr. Lusiola for his valuable contribution and commitment to the Group during his tenure and wishes him every success in his future endeavours,” read part of the notice.

Meanwhile, Dr. Lusiola has been the Chief Executive Officer and Director-General of the Kenya BioVax Institute since 2022.

He holds qualifications from prestigious institutions such as Harvard, the University of Reading, and the University of Nairobi.

He is also an active member of several professional organizations, including the Royal Society of Medicine and the Project Management Institute.

Standard Group Faces Leadership Changes Amid Losses

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In June 2025, then-Chief Executive Officer Marion Gathoga-Mwangi announced her planned exit from the company, citing personal reasons.

She had joined Standard Group in the third quarter of 2023, meaning her tenure as CEO lasted less than two years.

Her departure came shortly after the company reported a Ksh1.1 billion loss before tax for the year ended December 2024, compared with a Ksh723 million loss in 2023.

The Group’s revenue also fell by 23 % to Ksh1.8 billion, which it attributed to reduced advertising and partnership activity, lower government contracts, and declining engagement with legacy media platforms.

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A photo of Michael Lusiola, former Non- executive director at Standard Group. PHOTO/ FILE.