EAPC boss quits amid board row, Kenya

EAPC boss quits amid board row, Kenya
23 July 2010

East African Portland Cement Company managing director John Nyambok resigned on Thursday amid claims of disagreements in the boardroom, Business Daily reports.

Board chairman Mark ole Karbolo, wrote an email to employees about the departure following a board meeting held on Thursday afternoon, according to sources at the firm.

The board appointed the firm’s finance chief, Kephar Tande, as the acting managing director.
The changes come amid alleged procurement fraud at the firm that has seen the suspension of the firm’s procurement manager.

Mr Nyambok, 49, was appointed the managing director in June 2008 from Muhoroni Sugar Company where he served as the general manager.

He holds a degree in Electrical Engineering from the University of Nairobi and an MBA in Strategic Management from Washington University.

He becomes the EAPCC’s sixth managing director in a span of seven year, with all of them save for one, having quit following differences with the board, which is under firm grip of the government.
Published under Cement News