Equity Bank Group appoints Isaac Macharia as new Chairman

Equity Bank Group
David Ansell (Left) and Isaac Macharia (Right)

Equity Bank Group has appointed Isaac Macharia as the new Board Chairman after David Ansell retired from the seat last month.

David Ansell retired as Chairman voluntarily after turning down an offer of re-election during the Annual General Meeting held on June 30, 2020. David took over from Peter Munga the former Chairman.

Dr. James Mwangi, Managing Director and CEO of Equity Group Holdings Plc paid tribute to David Ansell saying, “I have personally gained much insight from David’s leadership and especially from his immense knowledge and expertise in asset liability and risk management. David will always be a valued member of the Equity family.”

Speaking when taking over as the Chairman of Equity Group, Professor Macharia said, “I thank David Ansell for his capable and adept leadership of the Board. During his tenure, the Board has been guided to support the Company and its goals to achieve excellence in both profitability and purpose and it has exceeded expectations.” He continued, “I want to acknowledge that my tenure begins at a very unprecedented time in the history of our world.  There is no playbook for the uncertainty we now find ourselves in, but we do have the capability in our hands to think strategically and act deliberately to ensure that the Company and our stakeholders strive to achieve the excellence we are known for, and the stability and focus we need not only to come out COVID-19 successfully but to thrive thereafter.”

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