Seven companies that are listed on the Nairobi Securities Exchange have revealed the pay for their CEOs.
The seven companies have released details that show how their seven CEOs pocket millions monthly.
The seven companies include Sanlam Kenya, Nairobi Securities Exchange (NSE), Deacons East Africa, KenolKobil, KenGen and Kenya Re.
KenolKobil’s David Ohana is the best paid chief executive among the seven, having earned Sh. 6.6 million per month in the year ended December 2016 after his compensation rose 6.8 per cent from Sh. 6.1 per month a year earlier.
Sanlam’s Mugo Kibati was second with a package of Sh. 3.3 million per month, having risen 18.1 per cent from Sh. 2.8 million in 2015 when he replaced Tom Gitogo.
Mr Allan Walmsley of Sameer, whose pay stayed stable at Sh. 2.1 million per month, was the third highest-paid in a year the company’s net loss widened to Sh. 652.1 million.
KenGen says in its disclosure that outgoing CEO Albert Mugo earned Sh.1.9 million in the year ended June 2016, having been awarded an 8.1 per cent pay rise from the Sh1.7 million the previous year.
Deacons’ Muchiri Wahome was paid Sh. 1.8 million in the year ended December, having received a 12.1 per cent pay rise from Sh. 1.6 million the year before.
NSE’s Geoffrey Odundo’s pay rose to Sh. 1.5 million a month in the same period even as the company’s net earnings dropped 40 per cent to Sh. 184 million.
Kenya Re’s Jadiah Mwarania got the highest pay rise of 26.1 per cent in the year ended December, lifting his compensation to a monthly average of Sh. 1.2 million.