Long Serving Director Replaces Polycarp Igathe As Equity Bank’s Managing Director
After the acceptance of Polycarp Igathe’s resignation as Managing Director, Equity Bank Kenya has given a nod to Gerald Warui whose reign begins in September after Igathe’s exit end of August.
Mr. Warui has served Equity Bank for 21 years. He holds an Executive Master of Business Administration degree from Jomo Kenyatta University of Agriculture and Technology (JKUAT) and is also a Certified Public Accountant CPA (K), and a graduate of Advanced Management Program offered by IESE Business School, Barcelona, Spain.
A career banker, Gerald has vast experience spanning over 30 years and has headed operations, customer service, and HR within the Group. He is currently Director of Operations and Customer Service in Equity Bank Kenya. As Managing Director of Equity Bank Kenya, Mr. Warui’s appointment is subject to approval by the Central Bank of Kenya.
The appointment of its long-serving Director, Gerald Warui as its 4th Managing Director in its 35-year history comes after eight months since Igathe was appointed. Igathe will rejoin his previous employer, Vivo, to take up a newly created role as Executive Vice President of Sales and Marketing for Africa. To ensure a smooth transition of operations Mr. Igathe will hand over his duties to Mr. Warui before his departure at the end of August.
“Equity Group places a premium on developing strong, broad-based management talent and over the last five years the financial industry has benefited significantly from this pool and many of its team members now hold senior roles in leading companies across Africa, including four of its own subsidiaries in Uganda, Tanzania, Rwanda, and South Sudan. With this appointment, the Board has chosen an insider in Gerald Warui as its new leader for Equity Bank Kenya.” read the institution’s statement
