Businessman Peter Muthoka has been named the new chancellor for Masinde Muliro University of Science and Technology (MMUST).
President Uhuru Kenyatta made the appointment and announced it through a special gazetted notice dated December 14. He stated that the appointment that takes effect from Friday for the next five years.
Muthoka will be replacing former President Mwai Kibaki who was the university’s first chancellor after it was elevated to a full-fledged university ten years ago.
“In the exercise of the powers conferred to me by section 38 (1) (a) of the University Act 2012, Laws of Kenya, I appoint Peter Muthoka to be a Chancellor of MMUST for a period of five years,” stated the notice.
Muthoka’s first official duty will be presiding over the 12th graduation ceremony to be held at the university’s graduation square on Friday.
A chancellor is the honorary head and symbol of authority in the university whose main function is to confer degrees and grant diplomas and other awards of the university.
About Peter Muthoka
Peter Muthoka has had a long career in the corporate world. He has massive experience in corporate management and entrepreneurship from both the private and public sector which spans several years.
He retired from Kenya Commercial Bank in May 2012 after serving for eight years as a director and as the group Chair.
Muthoka is also the chair of the Old Mutual Asset Managers, Old Mutual Investments Services, Bel Air Management Ltd, the Advocates Plaza Ltd and Faulu Microfinance Bank.
He is also a director of Old Mutual Holdings and Old Mutual Life Assurance Company, Old Mutual Africa Holdings and Old Mutual Emerging Markets and Director of the Institute of Directors.
The billionaire businessman is also the chair of the Board of Fellows of the Kenya Institute of Management (KIM) and chair of the Board of Trustees of The Management University of Africa (MUA).
Further, he was the founder and chief executive of the College of Banking and Finance of Kenya, founder and first chief executive of Export Promotion Council of Kenya and Kenya Commissioner General at Expo 2000 in Hannover, Germany.
Muthoka has also, throughout his career, been an initiator and implementer of development programmes at national, regional and international levels under the auspices of the Government of Kenya (GOK) and multilateral and bilateral agencies.