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Safaricom extends Collymore’s contract by two years

By Mercy Asamba | Updated Wed, May 10th 2017 at 12:21 GMT +3

Bob Collymore’s contract as Safaricom CEO has been extended further by two years. The board cites exemplary effort in steering the company through hard times.

Bob Collymore took over from Michael Joseph, the founding Safaricom CEO in August 2010. As the company’s CEO, he has seen the company grow enormously reaping more revenue and high profits in the Kenyan market.

He was to serve an initial contract of three years which was renewed for a further two years in 2013.

The board further extended his contract for two more years in August 2015.

His tenure was due to end in August 2017 but Collymore has secured yet another two-year extension. This means he will head safaricom till August 2019.

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