NAIROBI, Kenya, Feb 26 – Family Bank has appointed Rebecca Mbithi as Chief Executive Officer after serving as Company Secretary and Director of Legal Services for four years.
The Bank’s Board Chairman Wilfred Kiboro said Mbithi’s appointment is subject to approval by The Central Bank of Kenya.
Mbithi holds a Masters in Business Administration (Strategic Management) from United States International University and an LL.B degree from the University of Nairobi.
She is also a Certified Public Accountant and a member of the Institute of Certified Public Accountants of Kenya (ICPAK), a Certified Secretary and a Member of the Institute of Certified Secretaries, an advocate of the High Court of Kenya and a member of the Law Society of Kenya.
“Rebecca is a highly experienced professional with an extensive background in leadership in various organizations at director level specializing in law, project finance, Corporate Restructuring, Equity/Debt raising and Governance,” said Kiboro.
She previously worked at Kenya Tea Development Agencies (KTDA) and Rift Valley Railways.
“At Family Bank, she has been instrumental in Strategy and Business Development, Capital and Debt Raising, Risk Management, Compliance and Controls, providing legal services and strengthening the Bank’s Governance structures,” said Kiboro.
Former CEO David Thuku resigned from the bank to pursue personal interests in September last year.
Thuku had been with the bank for the last five and a half years but agreed to remain in office until a substantive replacement is recruited.
Family Bank returned to profitability making Sh101 million profit in the first six months of 2018 compared to a Sh492 million loss same period last year.