Kenya: NSE Extends CEO Geoffrey Odundo's Term By One Year

Nairobi — The Nairobi Securities Exchange (NSE) has extended the tenure of its CEO Geoffrey Odundo for a period of one year.

Odundo was to leave the corner office on February 28 when he had completed his second four-year term.

According to a statement from the bourse, the extension seeks to ensure seamless continuity of the company, as it implements priority programmes and initiatives, to deepen the capital markets in Kenya.

"The Board warmly welcomes the extension of Odundo's contract, which will facilitate his continued offering of focused leadership on the key strategic initiatives that are underway as per the NSE Plc 2020 - 2024 Strategic Plan," said Kiprono Kittony, Board Chairman, NSE Plc.

Kittony noted the Board is committed to working closely with the Government and related agencies and stakeholders, to ensure that national economic plans are implemented and that the Exchange serves its purpose of accelerating economic growth in Kenya through active promotion of savings and investments.

Odundo assumed the NSE leadership on March 1, 2015, during the onset of a prolonged bear market.

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