This archive report was first published on 30 October 2019.
Kenya Power, the country's leading electricity provider, has appointed Bernard Ngugi as its new Managing Director and CEO, effective October 2019.
Ngugi, a seasoned finance expert with over 30 years of experience, brings a wealth of knowledge in financial and revenue accounting, internal audit, and supply chain management to the role.
He takes over from Eng. Jared Othieno, who had been appointed Acting Managing Director and CEO in July 2018 following the exit of the former management team.
Ngugi's appointment comes after a period of turmoil at the company, which saw the previous CEO, Ben Chumo, leave in January 2017 after his bid for a second three-year term was thwarted by a court order.
Ngugi has promised to steer the company towards profitability, citing his 5-Year Strategic Plan as a key driver of this goal.
“My immediate focus is to lead the Company towards improved profitability while ensuring the business fulfills its socio-economic purpose. This will be achieved by implementing our 5 Year Strategic Plan that broadly aims at delivering excellent customer service and ensuring our business sustainability,” Ngugi said.
