A Chief Executive Officer (CEO) is the highest-ranking person in a company. He/she is responsible for taking and making managerial decisions. It therefore goes without say that this person automatically gets the highest pay in the company’s employees’ category. A CEO may or may not be the owner of the company. Kenya has a good number of Company CEOs who are draping in upright richness. Below is a list of top 10 highest or Best paid Company CEO’s in Kenya 2020:
1. Gideon Muriuki- CEO Co-operative Bank
Mr. Gideon Muriuki is the CEO of Cooperative Bank of Kenya. He is the leading among the highest paid company CEO’s in Kenya, taking home about Kshs. 31.37 million every month, translating to his Kshs. 376.5 million annual salary. His remuneration includes a salary of about Kshs. 105 million plus a bonus of a whooping Kshs. 271 million.
2. Joshua Oigara- CEO Kenya Commercial Bank (KCB)
Joshua Oigara, the CEO OF KCB Bank of Kenya is the 2nd highest paid CEO of Kenya with a monthly salary of about Kshs. 22.75 million. This translates to about Kshs. 273 million annual pay. His remuneration includes a salary of Kshs. 68 million, Kshs. 10 million allowances, Kshs. 14million gratuity, Kshs. 180 million bonus and Kshs. 1 million worth of non- cash benefits.
3. Andrew Cowan- CEO East African Breweries Limited (EABL)
He is the director and CEO of East Africa Breweries Limited. Andrew Cowan takes home about Kshs. 9.67 million every month, totaling to an annual salary of Kshs. 116 million.
4. Peter Ndengwa- CEO Safaricom
This 50-year-old is the current CEO of Safaricom, the largest telecommunications company in East Africa. He assumed this position after the passing on of the former CEO, Bob Collymore. Michael Joseph had been appointed as the interim CEO before he was chosen in October 2019. He earns about Kshs. 9 million every month, translating to about Kshs. 108 annual salary.
5. Allan Kilavuka- CEO Kenya Airways (KQ)
He is the CEO of Kenya Airways. Mbuvi Gunze earns about Kshs. 8.5 million every month. This translates to Kshs. 102 million annual salary.
6. Jeremy Awori- CEO ABSA (Formerly Barclays Bank)
Absa (prev. Barclays Bank) has been on a steady growth curve for a while. The current CEO earns a monthly salary of about Kshs. 8.43 million, translating to about Kshs. 101.2 million annual salary. His remuneration includes Kshs. 34.3 million salary, cash bonus award of ksh.24.7 million, a deferred cash and a share value plan worth Kshs. 12.5 million and pensions and other benefits worth Kshs. 29.8 million.
7. Benson Wairegi- CEO Britam
Benson Wairegi, the CEO of BRITAM Insurance Company earns about Kshs. 6.8 million every month. This translates to about Kshs. 81.7 million every year. He receives a salary of Kshs. 63.2 million, gratuity of Kshs. 17.1 million and non- cash benefits of Kshs. 1.2 million as remuneration.
8. James Mwangi- CEO Equity Bank
Mr. James Mwangi, the CEO of Equity Bank earns a monthly salary of about Kshs. 5.042 million. This translates to an annual salary of Kshs. 60.5 million. Remuneration include a salary of Kshs. 56.73 per year and an allowance of Kshs.3.744 million. James Mwangi also happens to control a picket of 5.52% at Equity Group Holdings that owns the bank.
9. Beverley Spencer Obatoyinbo – CEO BATK
She happens to first woman CEO on this list, making her the highest paid lady CEO in Kenya at the moment. Beverley was appointed as the Managing Director and CEO at the British American Tobacco Kenya in May 2017, a role that she has played so well up to date. She earns a monthly salary of about ksh.5 million, translating to an annual salary of ksh.60 million.
10. James Mworia- CEO Centum
Mr. James Mworia is the 42-year-old CEO of Centum. He earns a monthly salary of Kshs. 3.75 million every month, translating to about Kshs. 45 million every year.