Mr Joseph Muganda. Photo by Daily Nation
Nation Media Group CEO Joseph Muganda is set to join Vivo Energy in Kenya, following his resignation from the media conglomerate.
The resignation takes effect on 31 January 2018, according to a statement from the NMG board. In the meantime, Group Finance Director Stephen Gitagama is the acting CEO.
Mr Muganda has been at the helm since July 2015 after replacing Mr Linus Gitahi, who led the company for a decade.
Mr Wilfred Kiboro, the NMG Group chairman, said in a statement: “Mr Muganda has 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 returns from the investments in digital initiatives.”
NMG has media outlets spread across east and central Africa. In Uganda, it owns Daily Monitor, The East African, Kfm, Dembe FM, NTV and Spark TV.
Mr Muganda will join Vivo Energy as managing director for Kenya, effective 1 February 2018, according to a statement from the company released Monday, 11 December 2017.
Vivo Energy is the distributor of Shell-branded fuels and lubricants in Africa.
Mr David Mureithi, the executive vice president for Vivo Energy East and South Region, said: “I am delighted to welcome Mr Muganda as the new Managing Director of Vivo Energy Kenya. When he joins in February, his vast experience will bring great added value to Vivo Energy Kenya, allowing this company to build on its previous success, as he steers the company to meet its ambitions goals.”