Bernard Ngugi Biography:Kenya Power Board of Directors in October 2019 appointed Bernard Ngugi as the Managing Director and Chief Executive Officer of the company.
The board’s Chairperson Mahboub Malim Mohammed described Ngugi as the “best fit for the job, owing to his financial and revenue accounting expertise.” He will take the company to the next level, Mohammed said.
The position fell vacant after Ben Chumo’s three-year reign as CEO ended in January 2017 after his bid for a second three-year term was thwarted through a court order which barred Kenya Power from renewing his tenure at the company.
The utility company appointed a caretaker management team last year, which included Jared Othieno as acting chief executive after Othieno’s predecessors Ken Tarus, Ben Chumo and other company officials were arrested and charged over alleged irregular procurement for supply of transformers.
The company recently extended the caretaker management team’s tenure by four months pending restructuring of top management.
Bernard Ngugi Biography:
Ngugi is the former General Manager in charge of Supply Chain at Kenya Power. He takes over from Eng. Jared Othieno who had been appointed Acting Managing Director and CEO in July 2018 following the exit of the former management team.
Ngugi has over 30 years’ experience in the Company with expertise in financial and revenue accounting, internal audit and supply chain management. He holds a Master of Business Administration in Finance and Bachelor of Commerce in Accounting.
He is a Certified Public Accountant of Kenya and a member of the Institute of Certified Public Accountants of Kenya. He is also a Certified Public Secretary of Kenya and a member of the Institute of Certified Public Secretaries of Kenya.
He also holds a Graduate Diploma from the Chartered Institute of Purchasing and Supplies and is a member of the Kenya Institute of Supplies Management.
Commenting on his new appointment, Ngugi promised to steer the company towards profitability.
“My immediate focus is to lead the Company towards improved profitability while ensuring the business fulfills its socio-economic purpose. This will be achieved by implementing our 5 Year Strategic Plan that broadly aims at delivering excellent customer service and ensuring our business sustainability,” Ngugi said.