WPP Scangroup changes finance chief: what it means for WPP Scangroup stock

Published on 10/14/2026 at 00:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alexander Muasya became acting finance director on October 1, 2026. The transition follows Panwar's 18 years for WPP Scangroup stock.

Finance transition and valuation

Alexander Muasya took over interim finance leadership on October 1, 2026, while Sanjeev Panwar is due to leave at year-end.
WPP Scangroup had a market capitalization of KES 838.4 million as of October 12, 2026.
WPP Scangroup stock was last quoted at KES 1.99 on the Nairobi Securities Exchange on October 13, 2026, at 3:25 p.m. EAT.

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WPP Scangroup's finance leadership changed on October 1, 2026, when Alexander Muasya became acting Group Finance Director as Chief Finance Officer Sanjeev Panwar prepares to leave at the end of 2026. Hivileo reported the change from a notice dated September 30, 2026, giving investors a defined transition point for the Nairobi-listed advertising group.

Finance transition starts October 1

Panwar is scheduled to remain through the end of December to support the handover, after 18 years with WPP Scangroup. According to Hivileo, Muasya joined the company as Financial Controller in November 2024 and brings experience from G4S Kenya, KPMG East Africa and KPMG USA.

What does the change mean?

The immediate issue for WPP Scangroup is continuity rather than a completed permanent appointment. Muasya now leads finance and accounting while the board searches for a permanent Group Finance Director, making the December handover date the next concrete management milestone.

The market backdrop is demanding. WPP Scangroup's market capitalization stood at KES 838.4 million as of October 12, 2026, while the company's advertising, media, public relations, research and digital operations span 25 countries in Sub-Saharan Africa, according to the company profile carried by myStocks.

Stock price and market value

The last reported Nairobi Securities Exchange quote was KES 1.99 on October 13, 2026, at 3:25 p.m. EAT, with a session high of KES 2.00, a low of KES 1.92 and volume of 14,057 shares. The same quote page showed a 52-week range of KES 1.88 to KES 3.00, placing the stock 33.67 percent below its 52-week high.