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Equity appoints an insider to replace Igathe as the Managing Director

Equity Bank Kenya, a subsidiary of Equity Group Holdings Plc has announced the appointment of its long serving Director, Gerald Warui as its Managing Director to replace the outgoing Polycarp Igathe. 

This follows the Board’s acceptance of the resignation of Polycarp Igathe who leaves the position at the end of August. Mr. Igathe will rejoin his previous employer, Vivo, to take up a newly created role as Executive Vice President of Sales and Marketing for Africa.

Mr. Igathe has been with the lender for eight months. The bank said in a statement that to ensure a smooth transition of operations Mr. Igathe will hand over his duties to Mr. Warui before his departure at the end of August.

Mr. Warui has served Equity Bank for 21 years. He holds an Executive Master of Business Administration degree from Jomo Kenyatta University of Agriculture and Technology (JKUAT) and is also a Certified Public Accountant CPA (K), and a graduate of Advanced Management Program offered by IESE Business School, Barcelona, Spain. A career banker, Gerald has vast experience spanning over 30 years and has headed operations, customer service and HR within the Group. He is currently Director of Operations and Customer Service in Equity Bank Kenya.  As Managing Director of Equity Bank Kenya Mr. Warui’s appointment is subject to approval by the Central Bank of Kenya.

“The Board congratulates Mr. Warui on his appointment. The Board thanks Mr. Igathe for his dedicated and impactful service to Equity and wishes him well in his new role with one of the Equity’s most valued partners and look forward to deepening the existing relationship across the continent,” concluded the bank’s statement.

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