Standard Group CEO Chacha Mwita Resigns as Company Announces Three Board Changes

Standard Group CEO Chaacha Mwita will leave his post on November 1, 2026, seven months after his substantive appointment, and will also step down as an executive director. The company has not disclosed why he is resigning or named a successor. Standard Group also announced the resignations of non-executive directors Edward Mwasi and Dr James McFie, and appointed Anthony Ambaka Kegode, Tom Odongo and Elishah Njeru as independent non-executive directors. The changes come as the media group faces financial losses, difficulty raising capital and the suspension of a proposed rights issue worth about Ksh1.5 billion.