Central Organization of Trade Unions (COTU) Secretary General Francis Atwoli has ceased being a board member of the National Bank of Kenya (NBK).
Atwoli who had been holding one of the two slots set aside for nominees of the National Social Security Fund (NSSF) was thrown out as Kenya Commercial Bank (KCB) takes over NBK.
In a public notice, the lender also sacked former NBK Chair Mohammed Hassan from the board, doing away with the former board and introducing seven new directors.
“Following the completion of all the regulatory processes for the takeover of National Bank of Kenya, changes have been made to the board of directors,” reads the notice in part.
Also relinquished are board seats set aside for a nominee of the National Treasury Cabinet Secretary and that of the managing trustee of the NSSF.
The notice indicates that the former directors voluntarily left their positions, and have been replaced with Julius Karangi, KCB CEO Joshua Oigara and NBK CEO Paul Russio.
Others are Stanley Kamau, Jones Nzomo and John Nyerere, in what the lender says will facilitate a smooth transition.
"The directors have voluntarily retired from the board to pave the way for the smooth transition,” it further reads.