hLoss-making East African Portland Cement Company (EAPCC) has sacked its managing director, Simon Peter ole Nkeri, in what the board termed part of efforts to turn around the Nairobi Securities Exchange-listed firm.
Nkeri was
sent packing following a board meeting held on May 17, according to a memo sent
to staff on Monday.
He has
been replaced by long-serving human resource officer, Stephen Kyalo Nthei, in
an acting capacity.
“The
board resolved to release Simon Peter Nkeri for his duty as the managing
director,” said the memo.
EAPCC’s net profit for the six months to December widened to Sh1.26 billion from Sh969 million in the same period last year.https://www.businessdailyafrica.com/news/Portland-s-board-sacks-CEO-Nkeri/539546-5125818-5qwnvc
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