Equity Group Holdings PLC has revealed significant updates to its Board of Directors following the 21st Annual General Meeting (AGM) held on June 25, 2025. The changes, approved by shareholders and regulatory authorities, include the appointment of new independent Non-Executive Directors and the retirement of several long-serving board members.
New Appointments:
- Mrs. Farida Khambata, an economist with a Master’s from Cambridge University and a Chartered Financial Analyst, joins as a global leader in emerging markets finance. She has held key roles, including Vice President at the International Finance Corporation.
- Mr. Nick O’Donohoe, a development finance expert with 30 years of experience, previously served as CEO of the British International Investment and is recognized for his impactful investing contributions.
- Dr. Aloysius Uche Ordu, with over 30 years in policy and financial innovation, currently serves on the Monetary Policy Committee of the Central Bank of Nigeria and has held significant roles at the African Development Bank.
- Mr. Biraro Rwayitare Obadiah, a Certified Public Accountant with 37 years of experience, brings expertise from his leadership roles across East Africa, including as Chairman of the IPSAS accrual accounting oversight committee.
- Dr. Lakshmi Shyam-Sunder, with 30 years in risk management and innovation, joins after serving as Chief Risk Officer at the World Bank Group (2014-2024).
Retirements:
The company bid farewell to outgoing directors, including Prof. Isaac Macharia, Chairman, and other members who have shaped the Group’s strategy and impact over the years. The board expressed gratitude for their steadfast commitment and exemplary leadership.
Leadership Continuity:
Several directors will continue serving on subsidiary boards, with Mr. Vijay Gidoomal joining the Equity Bank Kenya board, Dr. Edward Odundo on the Equity Life Assurance board, Dr. Helen Gichohi on the Equity Group Foundation board, and Mr. Samuel Kirubi as the Group Chief Operating Officer.
These changes reflect Equity Group Holdings PLC’s commitment to strengthening its leadership to champion the socio-economic prosperity of people across Africa. The announcement, issued with the approval of the Capital Markets Authority, is effective as of June 26, 2025.
