He joins Safaricom from Vodacom Tanzania Ltd, where he was the Chief Financial Officer and Executive Director on the board, effective August 1.
Kamath succeeds current CFO and Executive Director John Tombleson, who took up the position in 2011.
Tombleson comes to the end of his five year term, he will be returning home to Vodafone New Zealand to take up a new opportunity as the Integration Director of the recently announced merger between Vodafone New Zealand and Sky New Zealand.
“Mr Kamath will join the company to steer its next phase of development as we work towards becoming ensuring our business continues its sustainable growth,” said Bob Collymore, Chief Executive Officer of Safaricom.
He said as Tombleson’s tenure came to its close, they were pleased that he would leave the company to return to his home town leaving behind a strengthened investor relations portfolio and strong relationships with our shareholders.
During Tombleson’s tenure, he oversaw the company’s 16,3 percent compound Annual Revenue Growth, achieved Net Profit CAGR growth of 31,8 percent, and promoted Market Capital growth of 555 percent from US$1,1 billion to US$7,1 billion.
“As a seasoned financial executive, Mr. Tombleson leaves the company having steered the company through its most robust and fruitful years. He has been an invaluable resource to the executive team,” said Collymore.
– CAJ News