Way to go McKinsey & Company. Reducing execs from 22 to 7 will definitely create a more focused management. Elimination of the two deputy CEOS is long overdue as the succession hierarchy was not clear and I'm certain led to infighting and politics. The creation of a COO and CFO is not only fashionable but also creates a logical reporting system.

=>I was aiming to buy KCB at 24/=. Will it now go to 30?

KCB Group Board Announces New Organization Structure Effective 17th May, 2011

The KCB Group Board is pleased to announce that it has concluded the first phase of the transformation process which was launched in January 2011. One of the outcomes of this phase is a new organization structure, which was approved at this morning’s Board meeting, following discussions on the recommendations by International consultants McKinsey & Company. The consultants had been engaged for a four month period to carry out diagnostics of the organization and make recommendations that will transform the company over time from Good to Great and thereby enhance shareholder value.

IT IS OFFICIAL...FOLLOW LINK FOR MORE!

http://www.kcbbankgroup....p;id=740&Itemid=264

Enjoy.

There is a man by the name Sunil Shah who sits on the KCB board and also controls almost 4% of KCB. That is who I look out for because both of our interests & goals are aligned. NB: He is the Commitee head of the on-going Transformation Program. That gives me adequate sleep at night.

this thread is funny..the end

Letting go of this great lady boss go will surely BREAK MY HEART!!!

She has headed S&L well so far and over-seen its growth from strength to strength.

And for personal reasons, the mortgage business is a key reason why I hold a lot of KCB in my portfolio.

If it ain't broke, don't fix it!!

RETAIN CAROLINE KARIUKI!!!

Sad

I also think, she is that great.....hopefully the politics does not bury her or make her exit KCB...that would be a real loss

It is a tight rope for me to balance the great need for transformation & losing an OTW good boss. I will concur with 2012 & Obi that they should find her a place in the new structure. @2012..my apologies; do accept.

I accept. I still don't know whether merging S&L and KCB was a good idea because S&L had comfortably taken on and overtaken even Housing Finance. Now with Barclays 12% rate, let's see how this plays out.