Analysts Dim Trouble At Equity Bank Over CFO Position

The exit of Mr Oduor at Equity Bank makes the top finance job at Equity Bank the most volatile given the replacements that have happened in the position over the past three years.

Samson Oduor joined Equity last October as the CFO and gave his reason for quitting his lucrative job as having strategy difference with CEO James Mwangi.

Analysts have said that Equity Bank could struggle to hire a chief financial officer outside its ranks
following a high turnover of executives handling the job over the past two years.


The bank is expected to begin the search for its fifth CFO since 2010 after Samson Oduor left the lender in March. He had served for about six months.

The exit of Mr Oduor makes the top finance job at Equity Bank the most volatile. Before Mr Oduor, the finance docket was handled by Paul Njaga (2012), Edwin Mucai (2011) and Allan Mwangi (2010).

Being a Chief Finance Officer at Equity Bank must be one of the riskiest or hardest job.