Jeremy Awori Absa

The Chief Executive Officer (CEO) of Absa Bank-Kenya, Jeremy Awori, will exit the company on October 31, 2022 to pursue other interests.

Between 1999 and 2003, he was the bank’s Executive Board Director and Head of Consumer Banking in East Africa. Prior to that, between 2003 and 2006, Awori was Standard Chartered Bank’s Head of Consumer Banking in the United Arab Emirates. Between 2006 and 2008, Awori served as the bank’s regional sales director in charge of the Middle East, South Asia and Africa.

Absa Bank Kenya PLC managing director Jeremy Awori during the release of 2022 first half-year financial results in Nairobi Image: HANDOUT.

The Board has already initiated the process of identifying a successor. He has served under the CEO position for almost 10 years, since June 2013. In a statement on Thursday, Absa's Board of directors said Jeremy will be leaving the bank on October 31.

NAIROBI, Kenya, Sep 8 – Absa Bank Kenya CEO Jeremy Awori is set to resign in October after a ten-year stint that saw the lender rebrand from Barclays bank ...

“I am honored to have led Absa Kenya in making a difference in our society while achieving significant commercial milestones over the past decade. I thank the Board of Absa Kenya PLC and Absa Group for the opportunity and pay special tribute to Absa Kenya staff and customers for the honor to serve,”said Awori. The Board has initiated the process of identifying a suitable successor and will announce the new CEO once the process is completed, subject to regulatory approval.

Absa Bank Chief Executive Officer Jeremy Awori will step down on October 1, 2022, ten years since he was appointed in June 2013, driving significant growth.

[bonuses for top bank CEOs rose by KSh 46.9 million in 2021](https://www.tuko.co.ke/business-economy/458438-list-kenyan-ceos-received-highest-bonuses-2021/) to reach KSh 364.8 million after the lenders recovered from the [COVID-19](https://www.tuko.co.ke/345897-covid-19-kenya-confirmed-cases-latest-updates.html) pandemic shocks. [recognised the bank as a top employer](https://www.tuko.co.ke/business-economy/441100-absa-kenya-named-top-employer-kenya-africa-excelling-diversity-inclusion/) in the country and the African continent. Awori led Absa to the ranks of the top employer bank in Africa. [reported a profit after tax of KSh 3 billion ](https://www.tuko.co.ke/business-economy/industry/455924-absa-kenyas-profit-hits-ksh-3b-quarter-2022/)compared to a similar period in 2021. The CEO thanked the board for the opportunity to serve and help the bank make a difference in society. [recorded growth in net profit to KSh 6.3 billion](https://www.tuko.co.ke/business-economy/industry/469904-absa-bank-net-profit-jumps-ksh-63b-2022/) in June 2022, compared to KSh 5.6 billion in 2021.

Absa Bank Kenya has announced that its CEO Mr. Jeremy Awori will be leaving the bank to pursue another career opportunity outside Absa Group.

Charles Muchene, Chairman of the Absa Bank Kenya Board, had this to say, “Jeremy has been instrumental in driving growth and transformation of our business over the past decade and under his outstanding leadership. During his tenure, the bank rebranded from Barclays to Absa Bank Kenya. Absa Bank Kenya has announced that its CEO Mr.