KenGen Managing Director announces June 2013 departure
Eddy Njoroge, Managing Director KenGen, Kenya (source: flickr/ Esthr, creative commons)
Alexander Richter
4 Dec 2012
The Managing Director of KenGen Eddy Njoroge has announced his departure of the company for June 2013 after ten years managing the company and leading it on its path to large growth.
The Managing Director of Kenyas Electricitiy Generating Company (KenGen) announced his departure for June 2013 at this year’s Annual Meeting.
Eddy Njoroge has been Managing Director of KenGen since 2003 and has a contract ending in 2015.
“I believe that 10 years is sufficient time for one to make a difference in an institution. Yes, KenGen has had its challenges but as some of you know, I thrive on challenges particularly when they are of service to the nation. Although my exit will bring about a change in leadership, I am pleased to let you know that we are well prepared for transition,” he noted.
Under Njoroge’s leadership, KenGen has launched the world’s largest single Geothermal Project – Olkaria 280MW as well as issued a Public Infrastructure Bond Offer at the Nairobi Securities Exchange raising a staggering Sh26 billion, as some accomplishments.
In the coming months, Njoroge said he would devote himself towards ensuring a smooth transition and work with the company to secure a new chief executive.
His last day with KenGen will be June 30, 2013.
The early announcement should provide sufficient time to guarantee a smooth transition.
Source: AllAfrica
