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It is the end of an era as veteran businessman cum founder of Equity Bank Peter Munga announced his retirement as the chairman of the listed bank. Munga exits the bank after having served in the industry 75 years with an illustrious 35 years of service at equity bank. Munga will be replaced by David Ansell vice chairman of the group as chairman designate. Dr. Munga who has been the founder chairman since 1984 expressed his desire to retire from the board to mark his 35 years of service as he celebrates his 75th birthday. Munga and Ansell will work collaboratively to ensure a smooth transition is completed by the time of the next AGM in 2019. Munga is among Kenya’s top billionaires with interests in various firms in and outside the region. SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/ Follow us on Twitter: / ktnnews Like us on Facebook: / ktnnewskenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.