Kenya Commercial Bank Ltd. has appointed a new chief executive to replace Martin Oduor-Otieno who opted not to renew his contract due to expire in April 2013. Joshua Nyamweya Oigara, the current chief finance officer, will take-over at the helm of KCB on January 1, 2013 after only a year with the bank. Oigara joined the bank in November 2011 as CFO from the Lafarge Group which owns Bamburi Cement.

He was executive director and group finance director for the East Africa region.