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Friday 28 June 2013

Kenya Power Appoints Acting Managing Director

(Daily Nation) The board of Kenya Power has appointed Ben Chumo as acting managing director.
Mr Chumo, who until his appointment was the company’s chief manager, human resources and administration, replaces Joseph Njoroge.
Mr Njoroge was sworn in as principal secretary in the ministry of Energy and Petroleum Thursday.
The search for a new chief executive is yet to start. 
Mr Chumo is expected to serve in an acting capacity until the board completes recruitment of a new managing director.
The announcement came shortly after KenGen wrote to the chief executive of the Nairobi Securities Exchange (NSE) saying that the company’s board of directors had appointed Simon Ngure in an acting position to replace outgoing chief executive Eddy Njoroge.
Mr Njoroge opted to resign from the helm of KenGen ahead of the expiry of his current term that was expected to come to an end in March 2015.
Announcing his exit plan at a KenGen annual general meeting held in November last year, Mr Njoroge cited “satisfaction” with the power generator’s performance as his motivation to step down and allow for injection of fresh leadership into the company.
Together with the Kenya Pipeline Company, Kenya Power and KenGen have seen their top bosses exit this year sending the companies’ boards back to the drawing board in search for new leadership

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