The Managing Director of Total Kenya Ms Ada Eze (right) hands over a
Sh4.8 million sponsorship cheque to the Chairman of Kenya Motor Industry
Association Adil Popat (left) for the hosting of the Total Motor Show
at the KICC. Total Kenya Limited has appointed Jean-Christian Bergeron, a
French national as chairman of the board. PHOTO | FILE | NATION MEDIA
GROUP
Total Kenya Limited has appointed Jean-Christian Bergeron, a French national as chairman of the board.
He
takes over from Jonathan Molapo, a South African national who has
resigned from the position he has held since September 2013.
No reason for his resignation has been disclosed but sources within the oil marketer who spoke to Nation on telephone described the move as “a personal decision.”
“I
write to advise that by a resolution passed today, the board of
directors of Total Kenya Limited appointed Jean-Christian Bergeron as a
director and chairman of the board in place of Jonathan Molapo who
resigned with effect from September 15,” said Total in a statement.
The
changes come just two years after Total embarked on a restructuring
plan that saw the appointment of Mr Molapo as chairman and Ms Ada Eze as
the company’s first chief executive officer replacing then CEO Alexis
Vovk.
Last month, Total reported a
decline in net profit for the first half 2015 to Sh525 million from
Sh631 million during a similar period last year due to reduction in
sales revenue and foreign exchange losses.
Management
blamed the decrease in sales revenue to the drop in international fuel
prices that was experienced since June last year and a decline in bulk
sales to other oil marketers.
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