Family Bank appoints Lazarus Muema as new Board Chairman
Lazarus Muema, Family bank appointed new board Chairman
Family Bank has announced the appointment of Lazarus Muema as its new Chairman of the Board, following regulatory approval.
Muema, who has been a Non-Executive Director at Family Bank since 2017, brings extensive expertise to the role. During his seven-year tenure on the board, he has chaired key committees, including the Board Strategy Committee, Board Audit Committee, and Board Risk Committee, demonstrating his strong leadership and strategic vision.
A graduate of the University of Nairobi with a Bachelor of Commerce degree in Accounting, Muema is also a Certified Public Accountant (CPA(K)). He has over three decades of experience in finance, insurance, and pensions. He is the Founder of Penplan Services Limited, a pension consulting firm, and has previously held senior financial roles at major firms such as Shell Exploration in Kenya and Uganda, Kenya Shell, and Shell International in London. He also served as a Pensions Investment and Policy Advisor for Shell Africa.
Muema’s extensive board experience includes his current positions as Chairman of Riscura Solutions (Kenya) Limited and NBCI Limited, as well as a Board Member of Kenya Orient Insurance Limited. He has also held leadership roles at the Association of Retirement Benefits Schemes of Kenya, Bright Technologies Limited, and Nanga Investments Limited.
In his new role as Chairman, Muema is expected to leverage his vast experience in finance and governance to steer Family Bank’s strategic direction and contribute to its continued growth and expansion.
Family Bank’s Board of Directors expressed confidence in Muema’s leadership capabilities, citing his extensive industry knowledge and track record in corporate governance as key assets for the bank’s future endeavors.
