• Ngugi takes over from Eng. Jared Othieno who has been the Acting Managing Director and CEO since July last year
• He holds a Master of Business Administration in Finance and Bachelor of Commerce in Accounting.
Image: COURTESY
The Kenya Power Board of Directors has appointed Bernard Ngugi as the Managing Director and Chief Executive Officer of the Company.
Prior to his appointment, Ngugi was the Company’s General Manager in charge of Supply Chain.
He takes over from Eng. Jared Othieno who has been the Acting Managing Director and CEO since July last year when he was appointed to the position following the exit of the former management team.
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.
"The immediate focus is to lead the Company towards improved profitability while ensuring the business fulfils its socio-economic purpose," Ngugi said.
Prior to his appointment, Mr Ngugi was the Company’s General Manager in charge of Supply Chain. He takes over from Eng. Jared Othieno who has been the Acting MD & CEO since July last year when he was appointed to the position following the exit of the former Management team. ^KK
— Kenya Power & Lighting Plc. (@KenyaPower) October 29, 2019
He thanked the interim management team led by Eng. Othieno for stabilising the company after the crisis occasioned by the exit of the previous management team.
"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.
Engineer Jared Othieno has been acting since July last year when Energy CS Charles Keter appointed him.
The caretaker managing director and CEO had temporarily filled the vacuum left at the utility firm after former MD Kenya Tarus was arrested and charged with graft allegations.
Othieno and his team of senior managers have had their short terms in office extended twice, first in October last year and March this year as the board contemplated on a substantial boss.
Othieno's last function as CEO was on Monday when he officiated over the launch of the Sh2billion Kenya Electricity Modernisation Programme.
The World Bank-funded project will see Kenya Power commence live line maintenance across the country, which will see power lines maintained without any outages.