Following the resignation of Bernard Ngugi as Kenya Power’s managing director, the board of directors appointed Rosemary Oduor as the acting MD.
Ngugi’s abrupt exit was announced after two years of service at the helm of Kenya Power. Vivienne Yeda, Chairman Board of Directors, said: “On behalf of the Board of Directors, I take this opportunity to thank Bernard Ngugi for his dedicated service to the company and wish him all the best in his future endeavors.”
The electricity distribution company did not provide more information on Ngugi’s exit from the top position.
In a statement, Kenya Power said Oduor brings over a wide experience in power engineering and management, having joined the company in 1991. She has served in various senior positions at the company. Prior to her appointment as Kenya Power acting managing director, Oduor was the Company’s General Manager in charge of Commercial Services and Sales. She is also an engineer by profession.
The change in Managing Director at Kenya Power comes at a time when the company has been operating in losses. The utility reported a net loss of $8.6 million in the year to June 2020, from a profit of $2.4 million made the previous year.
The company attributed the financial losses to power leakages, declining revenues, and the adverse effects of the COVID-19 pandemic. Kenya Power is also one of the 18 state corporations that have been identified by the national treasury for restructuring following a recommendation from the International Monetary Fund (IMF).