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Safaricom pays Michael Joseph Sh127.5m bonus
Summary
The bonus came in a period when he had already relinquished the chief executive post to Peter Ndegwa, whose appointment took effect on April 1, 2020.
It is not clear whether the additional payout to Mr Joseph, which was categorised under executive compensation, is linked to his nine-month stint as interim CEO after Safaricom’s long-time executive Bob Collymore died of cancer in July 2019.
The company did not disclose in the annual report if there was any deferred compensation owed to Mr Joseph.
Wednesday July 07 2021
By VICTOR JUMA
Summary
The bonus came in a period when he had already relinquished the chief executive post to Peter Ndegwa, whose appointment took effect on April 1, 2020.