Equity Bank Limited has appointed Prof. Timothy Waema as Non-Executive Director.
A Professor of Information Systems in the School of Computing and Informatics from the University of Nairobi, Prof. Waema has consulted for numerous government ministries, private sector and NGOs in Kenya and other African countries on ICT and related issues.
Prof. Waema has extensive expertise in strategy development and execution, at both corporate and IT function levels and has worked for many years at the intersection of information technology, strategy, policy and innovation. He sits in the Council of Strathmore University and is a member of the Advisory Board of the Carnegie Mellon University – Africa in Rwanda.
While welcoming Prof. Waema to the board, EBKL Chairman Ambassador Erastus Mwencha said that he was delighted to have a highly accomplished executive joining the Kenya board to contribute his expertise in oversight and leadership during this time when businesses have to navigate unprecedented challenges occasioned by the social economic impact of COVID-19.
“Now more than ever, the Bank needs to consider all risks associated with the pandemic, opportunities around digitisation and decisions on how to steer the financial institution. Prof. Waema joins a highly talented Board and his experience in ICT will be instrumental in taking the bank to its next level of growth. I welcome him to the Equity Kenya board and wish him all the best in rendering his services,” said Ambassador Mwencha.
Prof. Waema commenting on his appointment, “In the wake of the pandemic, ICT continues to be at the fore in facilitating the new way of doing things. The bank continues to accelerate its digital agenda through the roll-out of innovative digital products, enhancements and capabilities that support this new normal. I am excited to be joining the bank at this time; and look forward to propelling the Bank to even greater heights.”
EBKL is a subsidiary of Equity Group Holdings Plc and holds the lion share of the Group’s business contributing to over 80% of the profitability. Prof. Waema brings on board his extensive ICT experience that spans over 30 years in both private and public sector organizations in Kenya and the African region.