Sebastian Mikosz, the CEO of national carrier Kenya Airways has offered to resign from his role five months before his 3-year term comes to an end.
Mr Mikosz said he resignation will be effective on Dec. 31 2019.
“I have made the decision to shorten my contract term and I have decided to resign on personal grounds effective December the 31st of this year. It is my personal decision and I have obviously discussed it with the Board as well as with my family.” reads a memo sent to staff.
“Given that we are a listed company we are subject to specific stock exchange regulations. The information I am sharing with you here was already communicated to both the Capital Markets Authority (CMA) and the Nairobi Securities Exchange (NSE) as per the regulations.”
Mikosz took to the helm of the airline on June 1, 2017, from Mbuvi Ngunze who had resigned in November 2016 after a turbulent two-year stint.
Mr Sebastian also served as the CEO of LOT Polish Airlines twice. He resigned in September 2010 and was reappointed to the position in February 2013 until August 2015 where he resigned again after the Polish government delayed the flag carrier’s privatisation process.
The airline’s chairman Michael Joseph has offered himself for re-election ahead of the airline’s 43rd Annual General Meeting on 10th June 2019.
The company reported a loss of Sh 7.59 Billion for the 12 month period ended December 2018 from a loss of Sh 6.41 Billion reported in the nine month period ended in December 2017.
