9 February 2013

Kenya: Oduor-Otieno Appointed to Serve As EABL Director

IMMEDIATE former Kenya Commercial Bank boss Martin Oduor-Otieno has been appointed a director at East African Breweries Ltd.

Other than previously serving as a group managing director of the largest bank in Kenya by asset base, Oduor has also worked as a permanent secretary in the Ministry of Finance and Planning, BAT Kenya and Barclays Bank of Kenya.

He holds a Bachelor of Commerce degree from the University of Nairobi, an Executive MBA degree from the ESAMI-Maastritch Business School, and is a Fellow of both the Kenya Institute of Bankers and Institute of Certified Public Accountants of Kenya.

In the six years that he served as KCB managing director, the bank made a tremendous growth with its profitability going up almost four times from Sh2.9 billion net profit in 2007 to Sh10.9 billion as at end 2011. Asset value of the bank had grown from Sh120 billion to Sh330 billion.

He was replaced as KCB chief executive by Joshua Oigara, 37 who became the youngest chief executive of a publicly- traded bank. He had previously worked as the Finance Director at Bamburi Cement before joining KCB in 2011 in a similar position before his elevation to chief executive.

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