CRDB SHAREHOLDERS INSTRUCT BANK'S BOARD TO HALT KIMEI'S SUCCESSION PROCESS

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Arusha. CRDB Bank Plc shareholders unanimously voted to halt the process of hiring the bank’s new chief executive officer (CEO) on Saturday, saying the outgoing boss, Dr Charles Kimei should be given more time.

The decision came after shareholders voiced their concerns during the bank’s 23rd Annual General Meeting (AGM) that the ongoing economic changes in the country do not give a conducive environment for CRDB Bank Plc to change the CEO.

“Many people are saying this is not the right time to let Dr Kimei go. Let’s instruct the board to halt the process of hiring the new CEO,” said Mr Christopher Gachuma, a  shareholder from Mwanza.

Chairing the session, Mr chairman for the AGM, Mr Abeid Mwasajone asked shareholders to vote and they all voted in support of the motion.

Closing the AGM, the bank’s board chairman, Mr Ally Laay said he will table the shareholders’ concerns to the board, insisting that he has heard their concerns and seen the need for the board to act.
By Paskali Joseph.



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