Kenya Power picks insider as CEO yet again

Kenya Power has once again locked out outsiders from its top job after the utility monopoly promoted Bernard Ngugi to be the new CEO.

Mr Ngugi, previously in charge of supply chain, takes over from Ken Tarus who was kicked out in July after being charged with conspiring to commit an economic crime and abuse of office. Before Mr Ngugi's appointment, Jared Othieno had been the acting chief executive since July 16.

Tuesday, the listed firm said the interim management would remain in place for the next three months.

The announcement of Mr Ngugi’s elevation follows a pattern that has seen Kenya Power appoint seven CEOs from within its ranks in a period of 36 years.

Read more at Business Daily (John Mutua)

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