Sun. Jul 14th, 2019

Kenya’s Safaricom loses CEO to cancer

 

Bob Collymore, the highly successful, jazz-loving CEO of Safaricom, has died of cancer. He passed away on Monday, 1 July 2019. He was 61 years old.

 

Collymore had been battling acute myeloid leukaemia since October 2017. He took a nine-month medical leave of absence; and resumed his duties in July 2018.

 

His contract was renewed for a year in May; but as the treatment had battered his immune system, he reduced his public engagements and worked mainly from home. Although his death was surprising, the company acknowledged that his condition had worsened in recent weeks.

 

At a briefing on Monday, Safaricom board chair Nicholas Ng’ang’a described Collymore as “brave” for sharing his diagnosis publicly. He said that Collymore fought the cancer with “great fortitude and courage”. He also said the telecom’s board would hold an emergency meeting. His reason being to chart the way forward and decide on a successor.

 

Collymore’s predecessor, Michael Joseph, who serves as a non-executive director on the board, said that “whoever we select as the next leader of Safaricom will continue with Bob’s work; and the DNA of Safaricom will continue”. He described his successor’s leadership style as “bigger and more human” than many others.

 

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Collymore, a Guyana-born British and Kenyan national, took over from Joseph as Safaricom CEO in 2010. Over the last nine years, he grew the company’s revenues from KSh83.96bn to KSh 224.54bn. Profits grew four-fold. Mainly due to the runaway success of Safaricom’s flagship mobile-money platform M-Pesa; and despite flattened growth in revenue from other key products.

State House Kenya tweeted its condolences on Monday.

 

This was echoed by chief justice and president of the Supreme Court of Kenya David Maraga.

 

Apart from being the CEO of the most valuable company in East and Central Africa, Collymore was an ardent art and music lover. Among his biggest cultural successes was the launch in 2014 of the Safaricom Jazz Festival, an annual live music extravaganza that drew inspiration from his love for music. During his reign, the company also upped its sponsorship in sports and made its annual calendar a collaborative effort with photographers, writers and artists.

Party leader and author Boniface Mwangi also tweeted his condolences.

 

Apart from serving as the telecom’s CEO and on the boards of Vodacom subsidiaries in the Democratic Republic of Congo and Lesotho, Collymore served on several local and international bodies, including:

  • UN Global Compact board;
  • UN Commission on Life-Saving Commodities for Women and Children;
  • Kenya Vision 2030;
  • and the National Cancer Institute.

 

He was a vocal supporter of the anti-corruption efforts in Kenya. In 2015, Collymore and his friend Joshua Oigara, Kenya Commercial Bank Group CEO, declared their wealth as a step towards public accountability.

As Safaricom CEO, Collymore fended off monopoly claims; as well as several attempts by the telecom’s competitors and the legislature to break it up. While he was largely successful, the company had been losing market share. In 2017, opposition leader Raila Odinga called for a boycott of Safaricom and other companies. Odinga said they had been complicit in the manipulation of the August 2017 presidential election results. The boycott and aggressive competition cut the telecom’s market share from 71.9% in September 2017 to 63.3% in April 2019.

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