East African Breweries PLC (EABL), one of the leading beverage companies in the region, has announced the completion of Carol Musyoka’s term as an Independent Non-Executive Director, marking the end of her remarkable nine-year tenure with the company. The announcement was made on 23rd September 2024 by the Board of Directors, paying tribute to Musyoka’s vast contributions to corporate governance, leadership, and strategic direction.
Carol Musyoka, a highly regarded lawyer and banker by profession, brought her wealth of experience to EABL’s board, significantly impacting the company’s governance agenda. As the founder and CEO of Carol Musyoka Consulting Limited, a governance and leadership consultancy, Musyoka used her unique expertise to strengthen the company’s operational and governance frameworks, leaving behind a lasting legacy of improved oversight and corporate responsibility.
During her time on the EABL Board, Carol served in several high-profile roles, including Chair of both the Board Nominations and Remuneration Committee and the Board Investment Committee. Her leadership extended to the Board Corporate Governance Committee, where she played a pivotal role in ensuring the highest governance standards. Moreover, Musyoka also chaired the Board of the EABL Foundation, a key subsidiary that leads the company’s corporate social responsibility initiatives.
Carol’s influence wasn’t confined to EABL alone. She also served as a Director for two of the company’s major subsidiaries, Kenya Breweries Limited and UDV (Kenya) Limited. Her strategic insight and vast experience have been credited with elevating the governance and operational standards across the entire EABL Group.
A Legacy of Leadership and Governance
Musyoka’s time at EABL was marked by numerous milestones. Her stewardship in the Board Nominations and Remuneration Committee was instrumental in shaping executive leadership and corporate culture, ensuring that EABL remained a market leader not only in terms of business success but also in promoting sound governance practices.
“Carol has been a beacon of leadership, using her extensive experience in corporate governance to guide EABL through critical decisions and growth phases,” commented Angela Namwakira, Company Secretary for EABL, in the official statement announcing Carol’s departure.
Her role in the Board Investment Committee also saw her guide key investment decisions that ensured the company’s expansion and sustainability in a highly competitive industry. Her leadership contributed to EABL’s impressive growth trajectory and its ability to navigate the challenges posed by an evolving business environment.
Honoring Carol’s Impact
In their farewell message, the EABL Board expressed their deepest gratitude to Musyoka for her invaluable contributions to the company and its subsidiaries over the years. “Carol has been a pillar of strength in our boardroom, a trusted advisor, and a staunch advocate for good governance. Her legacy at EABL will be felt for many years to come. We wish her continued success, good health, and happiness in her future endeavors,” the board stated.
As she departs from her role at EABL, Musyoka leaves behind a legacy that not only shaped EABL’s governance framework but also set a standard for the entire corporate sector in Kenya. Her leadership and strategic insights were pivotal during key moments of transformation for EABL, helping the company maintain its market leadership and foster a culture of responsibility and inclusivity.
A Bright Future Ahead
Although Carol Musyoka’s journey with EABL has come to an end, her broader influence on corporate governance in Kenya is far from over. As the founder of Carol Musyoka Consulting Limited, she remains a sought-after expert on governance and leadership, and her departure from EABL will likely open doors to new opportunities and endeavors that will benefit the wider corporate world.
Musyoka’s tenure at EABL serves as a reminder of the critical role that independent directors play in fostering transparency, accountability, and strategic growth in major corporations. Her work with EABL stands as a model of what strong corporate governance can achieve, and her next steps will undoubtedly be closely watched by Kenya’s business community.
Carol’s departure marks the end of an era for EABL, but it also represents the beginning of a new chapter for both the company and Musyoka herself. With her wealth of experience, there is little doubt that Carol Musyoka will continue to be a prominent figure in Kenya’s corporate landscape.
As EABL looks toward the future, it is clear that Musyoka’s legacy of leadership, governance, and excellence will continue to inspire both the company and the industry at large.
