This archive report was first published on 29 October 2019.
October 29, 2019 - Kenya Power has a new leader at the helm, with Bernard Ngugi taking over as the Managing Director and Chief Executive Officer.
Ngugi, who has over 30 years of experience in the company, was appointed by the Board of Directors on Tuesday, following the exit of former MD Ken Tarus who was arrested and charged with graft allegations.
Ngugi's appointment comes after a period of transition, during which Eng. Jared Othieno served as the acting MD and CEO since July last year.
Ngugi holds a Master of Business Administration in Finance and Bachelor of Commerce in Accounting, and is a member of the Kenya Institute of Supplies Management.
He has expertise in financial and revenue accounting, internal audit, and supply chain management, and has a Graduate Diploma from the Chartered Institute of Purchasing and Supplies.
“My immediate focus is to lead the company towards improved profitability while ensuring the business fulfills its socio-economic purpose,” said Mr Ngugi after his appointment.
The Kenya Power board expressed confidence in Ngugi, saying he will lead the company through an important stage of its development and growth.
