The Nation Media Group Chief Executive Officer Joe Muganda, who replaced Linus Gitahi in July 2015, has resigned his position. He joins Vivo Energy Kenya Managing Director.
He replaces Polycarp Igathe, who is now the Nairobi Deputy Governor. He will officially join the energy company in January next year, according to informed sources.
In a short address to staff on Monday, Mr Muganda said he would be taking up another role after his exit from NMG, and took pride in successfully presiding over a business re-engineering strategy to position the company on a digital growth path.
His quick wins on the digital front were echoed by NMG Group Chairman Wilfred Kiboro, who said Mr Muganda had “aggressively driven our product portfolio review, presided over a general restructuring and re-oriented the business to seize the opportunities presented by the digital disruption in the media sector”.
“He will leave a leaner, nimbler organisation whose future commercial success is already evident in the positive trajectory of returns from the investments in digital initiatives,” said Mr Kiboro. “We wish him well in his future pursuits.”
Muganda holds an MBA from Leicester University and a Bachelor of Science (Economics, Accounting and Financial Management) from the University of Buckingham (United Kingdom).
Before joining NMG, Muganda previously worked as the Managing Director of Kenya Breweries Limited. Before that he held senior positions at British America Tobacco, Unilever and Barclays Bank. He is a director of the International Press Institute, the Africa Media Initiative, the Group’s subsidiary companies and PDM Holdings Limited, an associate company.
NMG publishes the Nation and Taifa Leo newspaper brands in Kenya, The EastAfrican regional newspaper, the Daily Monitor in Uganda, the Mwananchi, The Citizen and Mwanaspoti newspapers in Dar es Salaam and a raft of e-papers and other online content assets.
Also in its stable are NTV in Kenya, and NTV and Spark television stations as well as K-FM and Dembe radios in Uganda. It also owns the Nation FM radio in Kenya. The company is cross-listed on the Kampala, Dar es Salaam and Kigali securities exchanges.
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