KENYA PIPELINE COMPANY LIMITED’s managing director Joe Sang will not be renewing his second term at the helm of the firm, the board of directors has learnt Tuesday morning.
In a special meeting held at Kenpipe Plaza, the board says they have accepted Mr Sang’s letter “stating that due to personal reasons he will not be seeking a second term.” Hence, KPC will embark on the process of recruiting a new MD before the fall of April 2019.
The board also called upon Oil Marketing Companies and Supplycor Kenya Limited to conduct a forensic audit of stock positions, which should be completed by 31 December 2018.
Also, it has invited the Director of Criminal Investigation to continue conducting analysis on the 21 million litres of fuel that cannot be accounted for.
“The Board assures the Cabinet Secretary, Ministry of Petroleum and Mining, and all stakeholders, that it will continue to undertake its role as provided for in law and comply with all relevant provisions contained in various Government circulars,” said KPA’s chair John Ngumi.