The management of Safaricom has changed the colors of its logo on the official Facebook account in honor of Chief Executive Officer Bob Collymore who died in Nairobi on Monday morning.
Around 10 am on Tuesday, the company updated its Facebook account with different colors on the logo, away from the normal green, white and red colors, the logo changed to black, white, blue and grey.
The late Safaricom CEO Bob Collymore, 61 passed away on Monday after a two-year long battle with Cancer.
In a press release from the firm it reads, “It is with deep sorrow that we announce the passing away of Robert (Bob) William Collymore, CEO of Safaricom Plc, which occurred at his home in the morning of 1st July 2019.”
In May, Collymore, 61, announced that he would stay as the CEO for another year. He was set to step down in August after nine years at the position, during which time Safaricom’s share price rose by more than 400 percent.
However, the appointment of his successor was put on hold as the Kenyan government, which also owns 35 percent of the company, has indicated that a local is picked to succeed him.
The company further said Collymore had visited Britain in October 2017 and received treatment for Acute Myeloid Leukemia, and he had since continued undergoing treatment for the same condition.
“Recently, his condition increased and he succumbed to cancer at his home in the early hours of Monday,” it added.
Safaricom, which is 35 percent owned by South Africa’s Vodacom, controls about 62 percent of Kenya’s mobile market, with 30 million subscribers. Britain’s Vodafone has a 5 percent stake and the Kenyan government owns 35 percent.
Collymore successful built Safaricom into East Africa’s most profitable company, thanks to the popular mobile money transfer service M-Pesa and a growing customer base.
Safaricom released a statement which states a 13 percent rise in its core earnings for the full year to end-March to Sh89.6 billion, driven by growth in M-Pesa.
Albeit, In a special meeting of the directors, held on Monday, the board selected the telecom’s ex-boss Michael Joseph to act in an interim capacity with immediate effect.
The interim Boss sits on the Safaricom board and is also the current chairman of Kenya Airways. Bob Collymore took over from Mr. Joseph in November 2010 and went on to rule for 9 years.
Mr. Joseph steps down from Safaricom in 2010 after managing the telco’s growth from a scrappy mobile operator to a market leader.