One Bernard Ngugi has been appointed as Kenya Power’s new Chief Executive Officer (CEO).
Mr. Ngugi will take over from Eng. Jared Omondi Othieno who had been appointed as Acting Managing Director and CEO last year.
Jared Othieno and a number of other people were appointed as a caretaker management team after some company officials now former, including Ken Tarus, Ben Chumo were arrested and charged with economic crimes.
Mr. Ngugi has worked with the firm as the General Manager in charge of Supply Chain for more than three decades.
“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,” Kenya Power chairman Mahboub Maalim said in a statement.
Mr. Ngugi says his immediate focus would be turning the money-losing firm back to profitability.
“This will be achieved by implementing our five-year strategic plan that broadly aims at delivering excellent customer service and ensuring our business sustainability,” he said.
Mr. Ngugi holds a Master of Business Administration in Finance and a 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. Mr. Ngugi also holds a Graduate Diploma from the Chartered Institute of Purchasing and Supplies and is a member of the Kenya Institute of Supplies Management.
He has over three decades of experience in financial and revenue accounting, internal audit and supply chain management.
Featured Image Courtesy: Kenya Power