John Mugo has been appointed as the new managing director of Sameer Africa, effective January 1. Mr Mugo will succeed Peter Gitonga, who has been serving in an acting capacity since August 2019
Mr. Gitonga will leave Sameer Africa on December 31, 2022. He took over after former managing director Simon Ngigi stepped down in 2019, one year after his appointment.
“The board takes this opportunity to congratulate him on his appointment,” said the company secretary Mercy Mbijiwe in a statement yesterday.
Mr Mugo holds a bachelor’s degree in mechanical engineering from the University of Nairobi. He is also a member of the Institute of Certified Public Accountants of Kenya and the Institute of Directors of Kenya.
He has served as the Chief Operations Officer at the Kenyan-based Real Estate Invest Holding Company, Group Chief Operating Officer at a listed infrastructure investment group with operations in six African countries.
Mr Mugo’s immediate assignment will be to steer the firm back to profitability and grow value for shareholders. The firm’s net profit jumped five times to Sh217.3 million in the year to December helped by cost controls.
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