Board of Directors
Funguo’s Board of Directors has nine (9) directors who are all non-executive. One third of the members of the board retire every year by rotation.
The board’s activities are supported by a company secretary.
Dr. John P. N. Simba, OGW, MBS
John is a founder member of Funguo Investments Ltd and a Senior Partner with the law firm of Simba & Simba, Advocates. He has diverse experience gained while working at the Attorney General’s Chambers, ICDC and National Bank of Kenya Limited as Executive Chairman (CEO). John is a past Chairman…
Ms. Grace M. Magunga
Mrs. Grace Magunga was appointed as the Company Secretary on 22nd February 2008. She is currently the Secretary to the Board as well as the various standing Board Committees; Board Finance and Investments Committee (BFIC), Board Audit and Risk Committee (BARC) and the Board Nominations and Governance Committee (BNGC). Grace…
Mr. David Owino
David is a member of the Board Finance and Investments Committee as well as the Board Nominations and Governance Committee. He is a partner with Ascent Capital Advisors, the exclusive Investment Advisor of the Ascent Rift Valley Fund, a Private Equity Fund. Prior to starting Ascent, David previously worked in…
Mr. Peter K. Mwangi
Peter chairs the Finance and Investments Board Committee. Peter is the Group Chief Executive Officer of the UAP Old Mutual Group in East Africa. He was appointed to this position on 1st July 2015. Before this appointment, he was the Group Chief Executive Officer of the Old Mutual Group in…
Ms. Mary W. Ngari
Mary is the Chairperson of the Board Nominations and Governance Committee and is a member of the Board Audit and Risk Committee. Mary served in the Public Service for 34 years rising through the ranks to Permanent Secretary / Chief Accounting Officer for the Min. of State for the Development…
Mwangi Wamae
Mwangi is a member of the Board Finance and Investments Committee as well as the Board Audit and Risk Committee. He is currently a Director at Mount Kenya Investment Limited. Prior to joining Mount Kenya Investment Limited, he worked with many companies both locally and abroad including; Jones the Grocer…
Herman Gacugi
Mr. Herman Gacugi is the Deputy Director, Risk Management and Compliance at Kenya Development Corporation, a position he has held since July 2021. He has over 15 years’ experience in Financial and Commercial Services, with profound involvement in automated processes, e-commerce, corporate governance, enterprise risk management, financial services regulatory and…
Mrs. Carolyne Misoi
Mrs. Carolyne Misoi – Director Carolyne is a member of the Board Finance and Investment Committee as well as the Board Nominations and Governance Committee. She is Deputy Director Human Resource and Administration at Kenya Development Corporation (KDC). She has over 25 years of experience in the Human resources field,…
Ms. Dolly Sagwe-Onyoni
Dolly is a member of the Board Finance and Investment Committee as well as the Board Nominations and Governance Committee. Dolly is currently Director, Business Finance at Oracle (EA) and has had a successful finance career spanning over 17 years while working for P&G, HP and GE covering East Africa,…
Mr. Japheth Osunga
Japheth is a member of the Board Audit and Risk Committee and the Board Nominations and Governance Committee. Japheth was elected to the Board in December 2015. He brings to the Board a wealth of experiences, network of contacts and skills honed as a practitioner, manager and in directorships he…
Board Committees
The Company has the following three (3) Standing Board Committees:-
- Board Finance and Investments Committee (BFIC)
- Board Audit and Risk Committee (BARC)
- Board Nomination and Governance Committee (BNGC)
The Board Committees have documented Terms of Reference, and annual work plans, stipulating their schedules of meetings. Membership in the committees is subject to periodic review in line with FIL’s Articles of Association.