NAIROBI, Kenya — BAT Kenya has announced a major executive leadership transition, confirming the exit of its Chief Executive Officer, Crispin Achola, and Chief Finance Officer Philemon Kipkemoi as part of a structured succession plan.
The Board said Achola will step down as Managing Director effective June 15, 2026, after five-and-a-half years at the helm.
He will be succeeded by Sidney Wafula, currently Finance Director for the BAT Sub-Saharan Africa Area, who assumes the role on June 16, 2026.
Achola, who took over leadership on January 1, 2021, steered the company through regulatory changes and shifting market dynamics.
During his tenure, BAT Kenya strengthened operational resilience, reinforced its export franchise, and maintained a consistent dividend track record.
“It has been an honour to lead BAT Kenya and to work alongside a talented and dedicated team to deliver historical results,” Achola said.
“I am proud of what we have achieved together — strengthening our fundamentals, delivering shareholder value, and positioning the business for continued success.”
Wafula joined BAT Kenya in 2006 as Head of Audit and has held senior finance and operations roles across West Africa, Egypt, Southern Africa, and East and Central Africa.
The Board said his regional experience positions him to drive the company’s next phase of transformation.
Concurrently, the Board confirmed that Chief Finance Officer Philemon Kipkemoi will exit effective March 31, 2026, after 19 years with the group.
He will be replaced by Catherine Chepkonga, currently Finance Controller for East and Southern Africa Markets, effective April 1, 2026.
Since he was appointed Finance Director in 2020, Kipkemoi has overseen strategic initiatives aimed at strengthening financial governance and sustaining shareholder value growth.
“It has been a privilege to serve this great organization, and I am proud that together we have consistently delivered shareholder value,” he said.
Chepkonga joined the BAT Group in 2012 and has held multiple regional finance leadership roles, including Head of Finance for the Horn of Africa and Indian Ocean Islands.
She also serves as a Trustee of the BAT Kenya Staff Provident Fund.
Board Chair Rita Kavashe described the changes as evidence of a strong internal talent pipeline and long-term succession planning.
“The board thanks both Crispin and Philemon for their leadership and substantial contribution to the Company’s growth and transformation agenda,” she said, adding that the Board looks forward to working closely with Wafula and Chepkonga.
The leadership shift comes as BAT Kenya continues navigating a highly regulated operating environment while pursuing its transformation strategy anchored on long-term competitiveness and sustainability.
