This archive report was first published on 27 December 2019.
Friday, December 27, 2019, marked a significant day for Nairobi Securities Exchange-listed firms as eight chief executives either left or were set to leave their corner offices.
The companies affected include Safaricom, Kenya Airways, Kenya Power, Limuru Tea, NCBA Group, East African Portland Cement Company (EAPCC), National Bank of Kenya (NBK), and Sasini.
At Safaricom, former East African Breweries Limited (EABL) finance director Peter Ndegwa was appointed as the new chief executive, effective April 1, 2020, following the demise of Bob Collymore on July 1.
Kenya Airways recently appointed Allan Kilavuka as its acting leader, replacing Polish national Sebastian Mikosz who is set to leave the firm in the next few days.
Kenya Power's Ken Tarus was arrested and prosecuted, leading to the appointment of Bernard Ngugi as the new boss in October.
East African Portland Cement Company (EAPCC) sacked its managing director, Simon Peter ole Nkeri, in May, and he was replaced by Stephen Kyalo Nthei in an acting capacity.
At National Bank (NBK), former KCB group regional business director Paul Russo took over as the managing director in September, ending Wilfred Musau's tenure at the capital-constrained bank.
Limuru Tea appointed Gerridina Johanna Maria Ten Den as its new chief executive in January, while Sasini Tea appointed Martin Ochieng as its new CEO in March.
