Kenya Power has ushered in the New Year with the announcement of a new acting managing director and chief executive officer.
Effective from the 4th of January, 2017, the Kenya Power Board of Directors appointed Dr. Ken Tarus as the utility’s new head.
This follows the exit of former MD and CEO, Dr. Ben Chumo, whose contract period ended on 6 January, 2017.
The utility explained in a statement that Chumo has been the head of the Company since January 2014 in a period characterised by exponential growth in customer connections and implementation of network improvement projects among other major corporate milestones.
Kenya Power elects Tarus as head
Tarus, 46, brings with him over 20 years’ corporate leadership and management experience, five of which are in the energy sector.
Prior to his appointment, he was the Company’s general manager in charge of finance and a member of the executive management team for a period of two years.
Previously, Tarus worked at the Rural Electrification Authority as head of finance between 2012 and 2014 prior to which he was the deputy vice chancellor for finance, planning and administration at KCA University.
He has held various leadership roles in the local banking sector as head of finance, IT and administration at the Bank of Africa, financial controller at Standard Chartered Bank and diverse positions at Kenya Commercial Bank.
Tarus holds a Doctor of Philosophy degree in Business Administration (Finance) from Kabarak University, an MBA from the University of Nairobi and a Bachelor of Commerce Degree from the same institution.
In addition, he is a Certified Public Accountant and a member of the Kenya Institute of Management.
Vote of confidence
Kenya Power Chairman, Hon. Kenneth Marende, said the Board of Directors is confident that business operations of the Company will continue to run smoothly under the interim leadership of Dr. Tarus pending a competitive sourcing for a substantive Managing Director.
“With full responsibility for the leadership and development of the Kenya Power’s electricity distribution business, Dr. Tarus will play a key role in entrenching the Company as a leader in electricity subsector by aggressively pursuing its business growth and diversification strategy,” Hon. Marende said.