Standard Chartered Bank Kenya Limited announced Tuesday that Imtiaz Khan has resigned as an independent non-executive director on the company’s board, effective December 31.
Khan’s resignation comes after more than five years of service on the board. He joined as a director in August 2018 and chaired the board’s audit and credit committees during his tenure.
“After thoughtful consideration, Mr. Khan has made the decision to step down from his position to pursue other interests,” the bank said in a statement.
The bank lauded Khan’s “exceptional leadership, commitment and expertise,” which it said were pivotal to the company’s continued success.
Judy Nyaga, company secretary for Standard Chartered Bank Kenya Limited, said the board and management team “extend their sincere appreciation to Mr. Khan for his diligent service.”
Nyaga wished Khan “every success in his future endeavors” on behalf of the bank.
Khan’s resignation was announced in a public statement dated Jan. 2. The bank said the change in leadership was made with approval from the Capital Markets Authority.
Standard Chartered Bank Kenya Limited trades on the Nairobi Securities Exchange and is regulated by the Capital Markets Authority and Central Bank of Kenya.
