Jeremy Awori To Step Down As Absa Bank CEO

Absa Bank Kenya CEO and Managing Director Jeremy Awori is set to resign end of October. The Bank’s board said in a letter that Awori is stepping down to pursue a different career opportunity.

“Jeremy has decided to pursue a career opportunity outside the Absa Group…The Board has initiated the process of identifying a suitable successor and will announce the new CEO once the process is completed subject to regulatory approval,” part of the letter reads.

Charles Muchene, Chairman of the Board said, “Jeremy has been instrumental in driving significant growth and transformation of our business over the past decade and under his outstanding leadership, Absa Bank Kenya PLC has evolved into a modern-day business that all our stakeholders can be proud of.”

On his part, Awori commented: “I am honoured to have led Absa Kenya in making a difference in our society while achieving significant commercial milestones over the past decade. I am confident that Absa Kenya will scale greater heights going into the future. I thank the Board of Absa Kenya PLC and Absa Group for the opportunity and pay special tribute to Absa Kenya staff and customers for the honour to serve.”

Awori joined Absa bank, then Barclays bank, in February 2013 as CEO replacing Adan Mohamed who joined the government to serve as the Cabinet Secretary for Industrialization.

Previously, Awori was the CEO and MD of Standard Chartered Bank, Tanzania as well as its regional sales & performance director for its Dubai operations.