The Board of Kenya Power and Lighting Company PLC (Kenya Power) has appointed Eng. Abdulrazaq Ali, Eng. Elizabeth A. Rogo, Caroline Kittony-Waiyaki, Vivienne A. Yeda and Sachen Gudka as Non-Executive Directors of the Company.
These independent directors replace Adhil Khawaja, Kairo Thuo, Wilson Kimutai Mungung’ei Brenda Kokoi and Zipporah Kering, who resigned from the firm’s board less than a week ago.
READ; Kenya Power Directors Resign
Directors representing Government interests were not affected by these boardroom changes. They include Amb. (Eng.) Mahboub Maalim( Chairman), Ekur Yatani, Cabinet Secretary, Treasury, Mr. Bernard Ngugi, Managing Director and CEO, Dr. (Eng.) Joseph Njoroge – Principal Secretary, Ministry of Energy, Mrs. Beatrice Gathirwa, Alternate Director, the National Treasury, Eng. Isaac Kiva, Alternate Director, Ministry of Energy and Imelda Bore- General Manager, Corporate Affairs & Company Secretary.
On the list of new directors is Eng. Abdulrazaq Ali, who holds a Master’s Degree in Civil Engineering, a Master of Business Administration Degree and a Bachelor’s Degree in Civil Engineering. He has over 34 years’ experience in public service having served in the Kenya Government as a deputy and chief executive of various state corporations and later as the Permanent Secretary in the Ministries of Transport and Trade.
Eng. Elizabeth Rogo is the Founder & Chief Executive Officer of TSAVO Oilfield Services and has over 19 years’ international experience in Engineering, Operations, Project Management, Consultancy, Business Development and Management in Oil and Gas (onshore and offshore) for global companies including BJ Services, Baker Hughes and Weatherford International. She holds a BSc. from Mount Saint Vincent University and a Bachelor of Engineering from Dalhousie University both in Halifax, Nova Scotia, Canada.
Caroline Kittony-Waiyaki is an Advocate of the High Court of Kenya with a Bachelor of Laws (LLB) degree from the University of East Anglia, and a Post-Graduate Diploma in Law from the Kenya School of Law. She is a Senior Partner at Kittony Waiyaki Advocates and has over 29 years of experience in civil and commercial practice in the areas of Conveyance, Civil and Commercial Practice Intellectual Property, International Corporate Finance and Public-Private Partnerships, Project Development, Joint Ventures, Mergers and Acquisitions, Energy law.
Ms. Vivienne Yeda is the Director-General, East African Development Bank and holds a Master of Business Administration, Master of Laws (LLM) from the University College London, a Bachelor of Laws (LLB Hons.) from the University of Nairobi. She is an expert in Foreign Relations Law, International Economic Law, Business Operations, and Financial transactions in public and private sector operations including project finance and structured finance.
Mr. Sachen Gudka is a graduate in Economics from the London School of Economics and is a Chartered Accountant by profession, having qualified with Price Waterhouse in London. He is now the Chairman, Chief Executive Officer and Director of a diverse group of printing companies in Kenya including Chrome Partners Limited, The Print Exchange Limited, Skanem Interlabels Nairobi Limited, Armor East Africa Imaging Supplies Limited and Flexo World Limited.
Last month, the power utility firm issued a cautionary statement that COVID-19 pandemic has adversely affected its business operations leading to slow growth in electricity sales and an increase in financing costs resulting in reduced earnings.
The Board of Directors determined that the earnings for the financial year ending 30 June 2020 are projected to be lower than the earnings for the previous year.
The reconstituted board is expected to improve the firm’s weak financial performance by improving operational efficiency, growing sales, reducing system losses and managing costs.
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