Absa Bank Kenya CEO Jeremy Awori is set to resign in October after a ten-year stint that saw the lender rebrand from Barclays bank to Absa.
According to the lender’s board, Awori is stepping down to pursue a different career opportunity.
The Board has initiated the process of identifying a suitable successor and will announce the new CEO once the process is completed, subject to regulatory approval.
“Jeremy has been instrumental in driving significant growth and transformation of our business over the past decade, and under his outstanding leadership, Absa Bank Kenya PLC has evolved into a modern-day business that all our stakeholders can be proud of,” Charles Muchene, Chairman of the Board, Absa Bank Kenya PLC.
On his part, Awori reiterated his confidence in the bank, noting that it will scale greater heights going into the future even as he exits.
“I am honored to have led Absa Kenya in making a difference in our society while achieving significant commercial milestones over the past decade. I thank the Board of Absa Kenya PLC and Absa Group for the opportunity and pay special tribute to Absa Kenya staff and customers for the honor to serve,” Jeremy Awori.
Awori joined Absa bank, which was then Barclays bank, in February 2013 as CEO, replacing Adan Mohamed.
He was previously the CEO and MD of Standard Chartered Bank, Tanzania, as well as its regional sales & performance director for its Dubai operations.