WPP Scangroup stock gained 2.09 percent as finance leadership changed

Published on 10/08/2026 at 04:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alexander Muasya became WPP Scangroup's acting finance director on October 1, 2026, as the CFO prepares to leave. The stock traded at KES 1.95 after a 2.09 percent gain.

SCAN, KE0000000562, Illustration mit AI erstellt.

WPP Scangroup stock (ISIN KE0000000562) gained 2.09 percent to KES 1.95 on the Nairobi Securities Exchange on October 7, 2026. The move came as the marketing and communications group implemented a finance leadership transition effective October 1, 2026.

Finance leadership changes

According to CFO East Africa on September 30, 2026, Alexander Muasya took over as acting group finance director from October 1.

Muasya joined WPP Scangroup as financial controller in November 2024 and brings 15 years of experience across financial services and consulting. The board is searching for a permanent group finance director while the interim arrangement is in place.

The change also sets a clear timetable for the outgoing finance chief. Sanjeev Panwar, who became CFO on January 1, 2025, is scheduled to leave at the end of 2026 after 18 years with the company.

Stock stays below yearly high

The October 7 gain added KES 0.04 to the share price and marked the latest daily comparison for SCAN. Trading volume reached 59,741 shares, equal to 1 percent of total Nairobi Securities Exchange volume on that date.

WPP Scangroup's market capitalization stood at KES 842.7 million on October 7, 2026, based on 432.16 million shares in issue. The company ranked 45th on the Nairobi Securities Exchange by market capitalization.

The price sat KES 0.05 above the 52-week low of KES 1.90 and KES 1.03 below the 52-week high of KES 2.98. That places the stock 34.6 percent below its yearly high, leaving the recent gain within a broad one-year trading range.

Trading activity defines the next step

SCAN traded in 18 of the last 20 recorded Nairobi Securities Exchange sessions. That activity gives the finance transition a live market backdrop, although the available company update centers on management continuity rather than a new earnings forecast or capital measure.

For investors, the key operational question is whether the interim appointment keeps reporting and financial controls steady through the year-end handover. The board's search for a permanent director is therefore the next concrete governance checkpoint.

WPP Scangroup stock remains below KES 2.00

WPP Scangroup stock last closed at KES 1.95 on the Nairobi Securities Exchange on October 7, 2026, up 2.09 percent on the session. The finance leadership transition took effect on October 1.