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Nation Media Group (NMG), one of East Africa's leading media companies, has appointed Geoffrey Odundo as its new Group Managing Director and Chief Executive Officer (CEO), effective April 2025. Odundo, a respected investment banker and financial expert, will succeed Richard Tobiko, who has been serving as the interim Managing Director.
The appointment marks a strategic move by NMG as it seeks to strengthen its market position and expand its digital transformation efforts. The board expressed confidence in Odundo’s ability to lead the organization through evolving industry trends, citing his vast experience in finance, corporate leadership, and innovation.
Geoffrey Odundo brings a wealth of experience in capital markets, investment banking, and executive leadership. He previously served as the CEO of the Nairobi Securities Exchange (NSE) from 2015 to 2024, where he played a crucial role in modernizing Kenya’s capital markets.
Before his tenure at the NSE, Odundo held several senior executive positions, including:
His leadership at the NSE was marked by market innovations, increased investor confidence, and record-breaking milestones.
Odundo has a strong educational background in finance and strategic management. He holds:
His academic credentials, combined with his hands-on experience, make him a formidable leader for Nation Media Group.
Before Geoffrey Odundo's appointment, Richard Tobiko served as the interim Managing Director of Nation Media Group. Tobiko took over in 2024, following the exit of the previous CEO. His tenure was marked by a focus on operational stability and preparing the company for a new strategic direction.
Prior to Geoffrey Odundo, the Nairobi Securities Exchange (NSE) had several leaders. However, Odundo's immediate predecessor at the NSE is yet to be officially named, as he completed his term in March 2024. Odundo’s leadership saw an extension from 2023 to 2024, after an initial term that was set to end in 2023.
As of March 2025, the Nairobi Securities Exchange (NSE) is yet to officially name its new CEO following Geoffrey Odundo's departure in March 2024. The NSE board had initiated a search for a new leader after extending Odundo's tenure for an additional year.
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Odundo’s entry into Nation Media Group is expected to bring:
Wilfred Kiboro, Chairman of Nation Media Group, expressed optimism about Odundo’s leadership, stating:
"I am confident that Geoffrey will drive Nation Media Group to greater heights. His expertise in financial markets and corporate leadership will be instrumental in our mission to serve our audiences better."
The appointment of Geoffrey Odundo as CEO of Nation Media Group signals a bold and strategic shift for the company. With a track record of financial excellence and leadership in Kenya’s capital markets, Odundo is well-positioned to guide NMG through industry changes and into a future of innovation and growth.
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