Family Bank has named Lazarus Muema, a non-executive director for the last seven years, as the new chairman of the board of directors.
Mr Muema, who holds a Bachelor of Commerce degree in accounting from the University of Nairobi and a Certified Public Accountant (CPA(K), takes over barely five months after Francis Mungai passed away in the United States, due to medical challenges shortly after his appointment.
In a statement issued on November 6, 2024, the Bank said Mr Muema brings in leadership experience having led various consultancy teams in undertaking various pension projects for several public organizations including Kenya Airports Authority; Kenyatta National Hospital, Vivo Energy, Kenya Orient Life Insurance Company, Kenya Seed Company, TSC and JKUAT University.
“Mr. Muema is also actively engaged in various roles in other boards within the industry. He currently serves as Board Chair at Riscura Solutions (Kenya) Limited and NBCI Limited and is a Board Member of Kenya Orient Insurance Limited. His leadership experience also includes past roles as Chairman of the Association of Retirement Benefits Schemes of Kenya, Bright Technologies Limited, and Nanga Investments Limited,” the Bank said.
Since 2017 he has served the Family Bank Board as a Non-Executive Director and has chaired various board committees including the Board Strategy Committee, Board Audit Committee and Board Risk Committee.
He is the Founder of Penplan Services Limited, a pension consulting firm and has built a distinguished career with key roles across the finance sector.
These include Finance Manager roles at Shell Exploration in Kenya and Shell Uganda, Financial Controller at Kenya Shell, Finance Advisor at Shell International in London and Pensions Investment and Policy Advisor for Shell Africa.
“Mr. Lazarus Muema will contribute to the Bank’s vision and strategic growth,” Family Bank said.
