The Kenya Power Board of Directors has appointed Bernard Ngugi as the Managing Director & Chief Executive Officer of the Company.
This brings to an end to the short-term leadership of outgoing acting managing director Jared Othieno who has been at the helm of the company since July last year, when he temporarily took over to replace former graft embattled MD Ken Tarus.
Prior to his appointment, Mr Ngugi was the company’s general manager in charge of Supply chain.
The appointment now places a substantial boss in the top office at the Nairobi Securities Exchange listed firm , which has been struggling with dwindling profits in recent times.
Mr Ngugi has over 30 years’ experience in the company with expertise in financial and revenue accounting, internal audit and supply chain management. He holds a Master of Business Administration in Finance and Bachelor of Commerce in Accounting.
He is a Certified Public Accountant of Kenya and a member of the Institute of Certified Public Accountants of Kenya. He is also a Certified Public Secretary of Kenya and a member of the Institute of Certified Public Secretaries of Kenya.
Additionally, Mr Ngugi holds a Graduate Diploma from the Chartered Institute of Purchasing and Supplies and is a member of the Kenya Institute of Supplies Management.
“My immediate focus is to lead the company towards improved profitability while ensuring the business fulfils its socio-economic purpose. This will be achieved by implementing our five year strategic plan that broadly aims at delivering excellent customer service and ensuring our business sustainability,” the new MD said in Nairobi on Tuesday.
The Board of Directors of Kenya Power & Lighting Company Plc is confident that operations of the company will run smoothly under the leadership of Mr Ngugi.
“We believe that Mr Ngugi will see the company through an important stage of its development and growth as we work to diligently implement all our plans to strengthen the company and the commercial aspects of our business,” said Kenya Power’s Chairman Amb (Eng) Mahboub Maalim.
He thanked the interim management team led by Eng. Othieno for stabilizing the company after the crisis occasioned by the exit of the previous management team.