Safaricom CFO joins Vodafone in similar position: The Standard

Money & Careers
Safaricom CFO, Sateesh Kamath, has been appointed to the role of Chief Financial Officer Vodafone Business, effective July 1.

Safaricom CFO, Sateesh Kamath, has been appointed to the role of Chief Financial Officer Vodafone Business, effective July 1. He will be reporting to Vinod Kumar, Chief Executive Officer Vodafone Business, and will become a member of the Vodafone Group Finance Leadership Team.  Safaricom says will announce his successor in due course. Sateesh joined Safaricom PLC as CFO and Executive Director on the board four years ago from Vodacom Tanzania, where he held a similar position. He is credited with, among many other achievements, helping to build Safaricom shareholders’ value by 50 per cent to Sh1.2 trillion and improving business performance through Fit for Future Initiatives adding 6 percentage points on EBIT margin.

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He played a key role in completion of the acquisition of M-PESA Joint Venture from Vodafone and the purchase of a critical spectrum while ensuring efficient use of the company’s funds. He also assumed broader responsibilities in navigating the company through the phase when Bob Collymore was on medical leave and through transitions thereafter. In his four-year tenure, Sateesh built a reputation as an outstanding finance expert in the region, a leader and a mentor, qualities that we at Safaricom have benefitted greatly from and we will deeply miss. He will leave behind a very strong team.