Corporate News
By GERALD ANDAE, gandae@ke.nationmedia.com
In Summary
- Mumias Sugar Company has hired eight managers to replace those sacked last year in a corruption purge.
- In a recent recruitment exercise, the cane miller failed to get a candidate who met the requirements for the position of CEO, with the management saying the applicants were not suitable to the needs of the company.
Mumias Sugar Company
is mulling extending the term of its CEO Coutts Otolo even as it hired
eight managers to replace those sacked last year in a corruption purge
In a recent recruitment exercise, the cane miller failed to
get a candidate who met the requirements for the position of CEO, with
the management saying the applicants were not suitable to the needs of
the company.
Mumias chairman Dan Ameyo told the Business Daily that the board will not leave the CEO’s position vacant when the contract of the incumbent comes to an end on July 31.
“The board has reached a decision that we are not
going to leave a vacuum at the position of the CEO and we might extend
the term of the current officer to manage the transition at the company
until we get adequate replacement,” said Mr Ameyo, noting that
recruitment of a new CEO is ongoing.
Mr Otolo’s term is coming to an end after serving
for a period of one year after the former chief executive Peter Kebati
was sacked.
Appointment of the new managers is part of the
conditions that the government and creditors required the sugarcane
miller to fulfil before giving it part of the money needed to revive
operations at the ailing firm.
Last week, President Uhuru Kenyatta presented a Sh1
billion cheque to Mumias to facilitate the payments of farmers’ debts
as well as enable it maintain its machines.
The new managers who will be assuming office on
July 1 include Julie Kisaka (chief of commercial services), Voi Chiuli
(chief human resource services officer) Josephat Asira (chief factory
service officer), Eddie Odhiambo (chief supply chain officer) and Moses
Owino (manager corporate strategy, planning and communications).
Others are Charles Chacha Sibena (manager
security), Irene Koki Muasya (manager risk & compliance), Charles
Kimiti (manager information technology) and Ronald Lubya (manager legal
affairs).
The position of the chief finance officer remains vacant as the company is still scouting for an appropriate candidate.
An audit report by KPMG revealed that the problems
facing the cane miller mainly emanated from poor management, with former
top managers accused of running down the miller through financial
misappropriation.
Director of Public Prosecutions Keriako Tobiko said
the Directorate of Criminal Investigations has completed a probe into
the multibillion-shilling scam and submitted the file to his office for
action.
Mr Tobiko said all managers who have been accused
of involvement in looting could face prosecution in coming weeks
following three months of investigations that began in February.
No comments :
Post a Comment