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MJ retires from Safaricom BOB COLLYMORE takes over from 1st Nov
Rank: Elder Joined: 11/28/2006 Posts: 1,799
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MJ has finally called it quits..... I wonder what impact this will have on the share. Bob Collymore from Vodafone takes over...
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Rank: Member Joined: 3/24/2010 Posts: 101 Location: Nairobi
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this will just cause jitters...,the company fundamentals are ok...it will be a cool buying time if ppl decide to sell...
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Does the company make a man or does the man make a company? MJ has an excellent team working the grind all day.. just hope Collymore can manage the reigns... but at the end of the day..think fundamentals PER SHARE!!!!.. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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On Nov 1st he leaves,he has done his part.Its for one Collymore to take Safcom to the next level.
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Rank: Member Joined: 9/12/2009 Posts: 312
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astute wrote:this will just cause jitters...,the company fundamentals are ok...it will be a cool buying time if ppl decide to sell... Yeah, someone please shout SELL SELL SELL so that I can BUY BUY BUY!
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Rank: Elder Joined: 5/30/2009 Posts: 1,390
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Link? What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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MJ was to Safaricom what Steve Jobs is to Apple and perhaps James Mwangi to Equity. Anyway a brief history of the man who has to learn very fast *the peculiar habits of Kenyans*.
Collymore, Robert Brief Biography Mr. Robert Collymore has been Non Executive Director of Safaricom Limited since September 5, 2006. He is Vodafone Governance Director for Africa. Mr. Collymore has spent most of his career in the telecommunications industry, starting with 15 years at British Telecommunications. In 2000, he was appointed Global Handset Purchasing Director responsible for Vodafone’s handset business across 26 countries. Then in 2003, he moved to Japan as Consumer Marketing Director (Asia). In his current position, he sits on the board of Safaricom in Kenya as well as the Board of Vodacom History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Bharti Airtel might be his destination....LOL...
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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A little disappointed. I thought (and hoped) that they had been grooming Peter Munyiri Arina for the post 
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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@guru267 So are we buying SCOM @4.5? 
BBI will solve it :)
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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2012 wrote:@guru267 So are we buying SCOM @4.5?  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Hopes of a Kenyan c.e.o dashed GOD BLESS YOUR LIFE
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Rank: Elder Joined: 5/30/2009 Posts: 1,390
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Got it http://www.nation.co.ke/...4/-/w62hv5/-/index.html
Don't expect any significant change in price What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Let's not concentrate on whether the CEO is Kenyan or british. What we want are results. After all the Vodafone guys are the majority shareholders. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
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http://www.ratio-magazin...Collymore-Successor.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Michael Joseph, 65, ‘I have been the CEO of Safaricom for the past 10 years and I believe the time has now come for me to hand over the reigns of the company to someone else.
Bob Collymore, 52, For the past four years, Mr Collymore has lived in South Africa where he worked as Governance Director for Africa. In 2009, he joined the Vodacom management team as Chief Officer for Corporate Affairs. He has been on the board of Safaricom for the past four years
Nicholas Nganga, 70, We owe Michael Joseph a huge debt of gratitude for his leadership and the passion he has for Safaricom. We are very pleased that Michael has accepted our request to stay on in an advisory role for a two-year period.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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my sources say its someone called Bob. Anyone with details? Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@kularaha,search an ongoing thread.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Safcom shares are unlikely to be affected much since MJ is still in the scene, having been retained as an advisor.
A few organizations that suddenly had their main guy at helm leave or die suffered greatly. Coke had problems when Roberto Goizeta died in office. Under the leadership of Ivester Coke made a series of plunders affecting detrimentally the Coke share. The main shareholders lead by Warren Buffet had to finally kick out Ivester.
Atleast MJ will be around for a while. I do not see any mass selling of the shares. Anything below 5.5 I am in
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MJ retires from Safaricom BOB COLLYMORE takes over from 1st Nov
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