Standard Chartered bank appoints Patrick Obath as new board ChairMay 24, 2019
NAIROBI, Kenya, May 24 – Standard Chartered Kenya Limited Board of Directors has appointed Patrick Obath as the new Chairperson to the Board effective immediately.
Obath will be taking over from Anne Mutahi who has held the position since 2012.
While announcing her stepping down, Mutahi thanked Clients, Board of Directors, Management and Staff for their support and dedicated contribution in driving the Bank’s agenda during her tenure.
“I would like to officially announce that I will be stepping down from my position as Chair to the Board. My journey with Standard Chartered Bank started way back in February 2009. I have enjoyed serving this great organization for the last 10 years, six years of those as your Chairperson,” she said.
“Over this period the banking sector has really transformed. We have transitioned from what we refer to as Brick and Mortar, where all transactions were done in the Banking Hall to an error where you can access almost all services on your mobile phone, ” she added.
Obath was appointed to the Board on 24 January 2012. He has vast experience in change management, strategy, financial management and controls, turnarounds, governance, and business risk.
He is well versed in health, safety, and environment management systems and processes. He served as the Chairman of the Kenya Private Sector Alliance (KEPSA) and a director at East African Business Council, Africa Alliance Capital, and Kenya Power.
He is a Managing Consultant at Eduardo and Associates. Previous appointments include Managing Director at Shell East Africa.
He holds an Engineering degree from the University of Nottingham, is a Fellow of the Aspen Global Leadership Network and the African Leadership Initiative and is a Member of the Energy Institute (UK), the Petroleum Institute of East Africa and the Institution of Engineers in Kenya. He has been awarded an Order of the Grand Warrior of Kenya and MBS.
During the year, the Company also saw changes in the composition of its Board with the appointment of Imtiaz Khan as an Independent Non-Executive Director of the Company following the retirement of Kaushik Shah who had served on the Board since 19 February 2004.
Shah brings over 25 years’ experience in the areas of private equity, financial markets investment, advisory, and audit.